IBM CEO Ginni Rometty told CNBC about the company's drive for growth, and strategy for the future.» Read More
Dec 17- Oracle Corp posted a 3.5 percent rise in total revenue in the company's first quarter since Larry Ellison stepped down as chief executive, bolstered by a 45 percent jump in its fast-growing cloud services business. Investors have been carefully watching how Oracle beefs up its "cloud" divisions, which deliver software over the Internet, as a gauge for how...
Companies making headlines after the bell Wednesday:
Steve Forbes, Forbes Media chairman, reacts to President Obama's decision to normalize diplomatic relations with Cuba.
Dec 17- Oracle Corp reported a 3.5 percent rise in total revenue, bolstered by a 45 percent jump in its fast-growing cloud services business. The company's net income slipped to $2.50 billion in the second quarter ended Nov. 30, from $2.55 billion. Total revenue rose to $9.6 billion from $9.3 billion.
Daniel Ives, FBR Capital Markets, provides instant analysis to Oracle's solid quarterly numbers.
Oracle is reporting EPS beat of $0.69 adjusted on revenue beat of $9.60 billion, reports CNBC's Josh Lipton.
Oracle delivered fiscal second-quarter earnings of 69 cents per share on $9.60 billion in revenue, topping expectations on the top and bottom lines.
Oracle will report earnings after the bell Wednesday. Rick Sherlund, managing director at Nomura Securities, previews the numbers.
Jim Cramer wonders... if things are really so bad, then why are so many things going right? He uncovers who is really behind this market decline.
NEW YORK, Dec 15- U.S. stocks rose at the open on Monday, following the worst week for the benchmark S&P 500 index in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/ 2- year low. The Dow Jones industrial average rose 113.41 points, or 0.66 percent, to 17,394.24, the S&P 500 gained 15.22 points, or 0.76 percent, to 2,017.55 and the...
Some of the names on the move ahead of the open.
With low oil prices causing fear in investors, Jim Cramer spells out the opportunities that could be hidden in the market next week.
The stock market will get its first real taste of Hadoop on Friday, when Hortonworks, a seller of the software, debuts on Nasdaq.
Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.
Uber's value is growing at an eyebrow-raising rate, but as it's value soars more questions are raised.
*Google in firing line in Europe as lawmakers vote on break-up. BRUSSELS, Nov 26- When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an ageing Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants. Indeed, to many in Brussels it is Google's fellow Americans- such as Microsoft,...
Nov 24- Workday Inc, a maker of cloud-based human resources software, forecast fiscal year 2016 revenue below market estimates, indicating that its stellar growth was easing and sending its shares down 8 percent after the bell. The company, which resorts to aggressive pricing to outdo larger rivals such as Oracle Corp and SAP SE, also forecast current-quarter...
Nov 24- Workday Inc, a maker of cloud-based human resources software, reported a reported a wider third-quarter loss as costs jumped, sending its shares down 5 percent after the bell. The company's net loss widened to $59.9 million, or 33 cents per share, in the quarter ended Oct. 31, from $47.5 million, or 27 cents per share, a year earlier. The company, whose rivals...
Alibaba wowed the markets Thursday with its ground-breaking US$8 billion debut dollar bond.
NEW YORK, Nov 20- Alibaba wowed the markets Thursday with its ground-breaking US $8 bn debut dollar bond, pricing it at levels in line with and even tighter than some of the world's best-known companies. Alibaba priced US $1 bn 1.625% three-year fixed-rate notes at T +70 bp; a US $300 m three-year floater at 3 mL +52 bp; US $2.25 bn of 2.5% fives at T +95 bp; US $1.5 bn of...