Deals
PeopleSoft Cleared to Buy JD Edwards
Yahoo to buy Overture; Gilead soars; plus more of today's stocks in the news
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PeopleSoft (PSFT ) and JD Edwards (JDEC ) said Monday that antitrust regulators have approved their $1.75 billion proposed software merger, and that the deal will be completed as planned on Thursday. The decision strengthens PeopleSoft's effort to ward off Oracle's hostile bid.
Echelon (ELON ) is working with Continuon Netbeheer, a Dutch utility grid operator, to examine the deployment of its Networked Energy Services system within Continuon's service territory. Also, Echelon resolved a contractual dispute with Enel.