Business briefs for Sept. 5, 2003

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Friday, Sept. 5, 2003 | 11:14 a.m.

TENET:

The government has notified Tenet Healthcare that it will hold proceedings to bar what had once been one of Tenet's most profitable hospitals from federal health care programs, the company announced on Thursday. The move comes after accusations that potentially hundreds of patients had unnecessary heart tests and surgery at the hospital, the Redding Medical Center in Redding, Calif.

PEOPLESOFT INC.:

PeopleSoft Inc. said Thursday it will shed up to 1,000 employees, or nearly 8 percent of its work force, as it tries to squeeze more profits from its $1.8 billion acquisition of J.D. Edwards & Co. and fend off a hostile takeover bid from Oracle Corp.