Simple: In the first mouseover, you're setting the glow on the rect object, regardless of what's being moused over:
this.oGlow = bBox1.glow({...
In the second, you're setting it to "this", which would apply to the text object when you mouse over it:
this.oGlow = this.glow({...
How to prevent the loss of hover on interior elements of an element is one of the most common Raphael-related questions on SO. See this for a simple solution for small projects, and this open thread for an alternative for bigger projects.