Oracle Corp. plans to pay newly appointed co-president Mark Hurd a base salary of $950,000 annually and said the ousted Hewlett-Packard Co. CEO was eligible for a target bonus of $5 million in the current fiscal year. Oracle released the details of Mr. Hurd's pay package in a filing with the Securities and Exchange Commission on Wednesday. Oracle said Mr. Hurd's bonus for fiscal 2011, which ends in May, is targeted at $5 million but could reach $10 million. The company did not specify the conditions under which the bonuses would be awarded. The new package will come on top of a severance payment from HP that could end up topping $40 million. Mr. Hurd resigned as HP's CEO last month following an investigation that uncovered inaccurate expense reports related to his outings with an HP contractor who claimed that her work at HP dried up after she rebuffed Mr. Hurd's advances. He has denied making any advances on the woman and has insisted he didn't prepare his own expense reports.

Job openings rose in July after two months of declines, a positive sign that companies could step up hiring in the coming months. The Labor Department says the number of jobs advertised rose by 6.2 percent to 3.04 million. That's the highest total since April, when temporary census hiring inflated that month's figure. Even with the increase, total openings remain far below the 4.4 million that existed in December 2007, when the recession began.

For the third time in five years, WQED Multimedia has given pink slips to employees. Layoffs were announced to staff on Friday and WQED president-elect Deborah Acklin confirmed the layoffs Wednesday. "The elimination of state funding has forced some cutbacks, including the need to keep our staffing flat year over year," Ms. Acklin wrote in an e-mailed response. "As a result, we restructured, and cut four positions, all in executive staff or administration." Ms. Acklin said two of the employees voluntarily retired; all will remain with WQED through Sept. 30 and "will receive assistance from WQED after their employment ends."

Victoria Holt, senior vice president, glass and fiber glass at PPG Industries, is leaving the Pittsburgh-based company to become president and CEO of Spartech Corp., a St. Louis-based plastics producer, effective immediately. Ms. Holt, 52, one of the highest ranking female executives at PPG, joined the company in 2003. She has been on Spartech's board since 2005.

American Textile Co., a supplier of mattress and pillow products based in Duquesne, is opening an office in Davidson, N.C. ... PPG Industries Inc. formed a solar performance group to focus on developing and commercializing glass and coatings for the solar power industry. The group will be based at PPG's Harmar facility.

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