PeopleSoft founder quits
PeopleSoft Inc founder David Duffield, who returned as chief executive during the company's losing battle to escape Oracle Corp's takeover, has quit the software maker weeks before the deal closes, according to a regulatory filing on Tuesday. Duffield resigned as CEO, chairman and director on Dec. 21, according to the brief document filed with the Securities and Exchange Commission. He had been chief executive since October, when the board unexpectedly fired then-CEO Craig Conway. Earlier this month, PeopleSoft ended the 18-month saga by agreeing to Oracle's sweetened terms.
China to set tax
China said yesterday it will tax some of its textile exports for three years at an average rate of 1.3 percent, following pressure from the US and Europe who fear a glut of Chinese-made clothing on world markets. The duties raise the price of Chinese textile products when shipped abroad. They will come into effect on New Year's Day and last until the end of 2007, China's customs department said in state media. China said earlier this week it would impose export duties of between 0.2 yuan (US$0.024) and 0.5 yuan (US$0.06) on 148 textile products. Those duties result in an average tax of 1.3 percent and will last three years, state media said yesterday. Textiles covered by the tax include outerwear, dresses, pants, knitted and non-knitted blouses, sleepwear and underwear, the government said.
China won't buy planes
China has no plans to approve the purchase of any new planes next year, an official said yesterday. The official, with the General Administration of Civil Aviation of China, said China has already bought and lined up 147 aircraft expected to enter service next year. Therefore no further purchases will be necessary until the end of the year, according to the official, who asked not to be named. The official's remarks echoed a statement made by Yang Yuanyuan, the civil aviation administration director general, this week. "The 147 planes can basically meet the requirements of growing market demand," Yang was quoted by the China News Service as telling an industry forum. "So in principle, we will not approve any new purchases beyond that number throughout the year," he said, according to the report.
Japan has launched a pilot Internet program with the aim of having 20 percent of the nation's work force "telecommute" from home by 2010, cutting down on the stress and family disruption caused by office life. Currently 4 million Japanese, or 6 percent of the workforce of 63.2 million, use technology to work from outside the office, said Taketo Deguchi, an official with the Ministry of Internal Affairs and Communications. The telecommunications ministry will from January have six employees spend at least one a day a week working away from their offices -- at home or in universities or libraries -- using high-speed Internet services. After hearing their feedback, the ministry will expand the pilot program until 20 percent of its 2,500 employees are able to work from home by around 2006. The project, in which workers can hold meetings through Internet chat rooms and teleconferencing, is hoped to "improve the efficiency of work places," Deguchi said.