Job openings jump to near a 3-year high
The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring.
Companies and governments posted 3.38 million jobs in December, the Labor Department said Tuesday. That’s up from the 3.12 million advertised in the previous month and nearly matches the three-year high reached in September.
Job openings in the private sector reached the highest point in almost 3 1/2 years.
Still, overall hiring slipped, and the number of people who quit their jobs also declined. That suggests the job market still isn’t as dynamic as it was before the recession.
NEW YORK — The database software maker Oracle Corp. has formally rejected a court-ordered award of $272 million from German rival SAP AG, saying it would rather have another trial over SAP’s theft of software and customer-support documents.
A jury awarded Oracle $1.3 billion in the case in November 2010, but a federal judge cut that amount in September 2011. Oracle, which is based in Redwood City, Calif., said then that it would seek a new trial.
In a Monday filing in a federal court in Oakland, Calif., Oracle confirmed its earlier decision and rejected the award.
SAP admitted that a now-closed subsidiary, TomorrowNow, pilfered Oracle’s intellectual property. Oracle argued that this helped SAP undercut Oracle by selling similar services for lower prices. SAP said it didn’t make much use of the documents and should have to pay just $40 million.
Magazine sales down 10 percent
NEW YORK — U.S. magazine sales at newsstands and other retailers dropped 10 percent in the second half of 2011, a sign that Americans are still careful about discretionary spending and impulse purchases.