Wall Street futures pointed to higher open on Friday, with Europe shares boosted after Scotland voted against independence from the U.K.» Read More
CAREER: Started Oracle Corp. with $1,200 of his own money in 1977 and built it into a business software powerhouse. HOMETOWN: Born in New York, grew up in Chicago. WEALTH: Ellison is the world's fifth richest person according to Forbes, with a net worth of $51.3 billion.
*Oracle shares down after hours. NEW YORK, Sept 18- U.S. stocks rose on Thursday, a day after the U.S. Goldman Sachs rose 1.7 percent to $187.89, the biggest boost to the Dow.
REDWOOD CITY, Calif.— Oracle Corp. on Thursday reported profit of $2.18 billion in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Analysts expected $8.78 billion, according to Zacks.
Sept 18- Oracle Corp reported quarterly revenue below analysts' estimates, hurt by a 7.6 percent fall in hardware systems revenue. Net income was $2.18 billion, or 48 cents per share, down from $2.19 billion, or 47 cents per share, a year earlier. On an adjusted basis, Oracle earned 62 cents per share, less than the 64 cents expected on average by analysts.
SAN FRANCISCO, Sept 18- Oracle Corp's longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and fend off fast-moving cloud-based rivals.
Ellison, 70, intends to still play an influential role at Oracle Corp. He is taking over as Oracle's executive chairman, replacing Jeff Henley in the position, and will oversee the engineering departments as chief technology officer.
SAN FRANCISCO, Sept 18- Oracle Corp said on Thursday longstanding Chief Executive Larry Ellison will become executive chairman and chief technology officer.
Safra Catz and Mark Hurd, currently Oracle's presidents, will become the CEOs of the company.
Alibaba's expected valuation is about $175 billion. Here's how that compares with other tech giants like Amazon, Facebook and Apple.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose 1.6 percent to $17.04 with 108,090,900 shares traded. Citigroup Inc. rose 2.4 percent to $53.66 with 27,017,700 shares traded.
Wall Street looked set to open higher, as stocks in Europe continued a relief rally over the Federal Reserve's accommodative policy stance.
Lost in the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating.
Markets are primed for the possibility the Fed will signal it's a step closer to normalizing its super low rate policy. Even so, trading may still be volatile.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose 2.1 percent to $16.35 with 92,087,900 shares traded. Boston Scientific Corp. rose 2.6 percent to $12.32 with 33,048,900 shares traded.
As consumers soon line up at Apple stores for the iPhone 6, iCracked will be right there with them, trying to buy their old phones.
SAN FRANCISCO, Sept. 4- DataStax, which helps companies deal with the vast troves of data scattered around the Internet, said it had raised $106 million, further enabling it take on incumbents such as Oracle Corp and Microsoft Corp.. Traditional incumbents include Oracle's MySQL, Microsoft's SQL Server and IBM's DB2.
A new crop of start-ups is creating cloud software for mom-and-pop shops, bringing them into the digital world for the first time.
NEW YORK, Sept 3- U.S. stocks were set to open higher Wednesday on optimism a resolution would be reached between Ukraine and Russia and ahead of the latest round of data which could provide insight on the health of the U.S. economy.
*Toll Brothers advances after results. NEW YORK, Sept 3- U.S. stock index futures rose on Wednesday, on hopes a resolution would be reached between Ukraine and Russia and ahead of the latest batch of data which could provide insight on the health of the economy.
Some of the names on the move ahead of the open.