US economy slows US economic growth was slower than first thought in the second quarter, hit by a widening trade deficit. For the quarter, the world #39;s biggest economy grew at an annual rate of 2.8 per cent, down 
PeopleSoft reveals alliance with IBM PeopleSoft Inc., which is fighting a hostile takeover bid from Oracle Corp., on Tuesday announced an alliance with IBM that may help ease the worries of potential customers.