Rich Dude Who Backed New York Times Bumps Tech's Gates as World's Wealthiest Man
2010-03-12 02:19:32
Keywords: apple, boomtown, facebook, google, internet, kara swisher, microsoft, silicon valley, digital, financial, media, mobile, search, social networking, software, telecom, amazon, bill gates, billionaire, carlos slim, dell, forbes, investor, jeff bezos, larry
Quote: 6: Oracle (ORCL) CEO and founder Larry Ellison ($28 billion)
No. 24: Google (GOOG) co-founder Sergey Brin ($17.5 billion)
No. 24: Google co-founder Larry Page ($17.5 billion)
No. 33: Microsoft (MSFT) CEO Steve Ballmer ($14.5 billion)
No. 37: Microsoft co-founder Paul Allen ($13.5 billion)
No. 37: Dell (DELL) CEO and founder Michael Dell ($13.5 billion)
No. 43: Amazon (AMZN) CEO and founder Jeff Bezos ($12.3 billion)
Both Apple (AAPL) CEO and co-founder Steve Jobs (No. 136 with $5.5 billion) and ...
Read articleOracle’s Ellison, Google’s Brin and Page get richer on billionaires list
2010-03-12 02:19:31
Quote: 6 on Forbes magazine’s ranking of billionaires this year, since he got richer anyway.Oh, and he won the America’s Cup, too.The Oracle Corp. (NASDAQ: ORCL) chief is worth about $28 billion, according to Forbes. His “fortune continues to soar,” the magazine said. At the No. 4 spot in 2009, he was guessed to be worth $22.5 billion.Google Inc. (NASDAQ: GOOG) founders Larry Page and Sergey Brin rose in rank, tying at No. 24 on the list, a significant contributor to watercooler...
Read articleWorld's mega-rich adding wealth, Carlos Slim No. 1
2010-03-11 05:37:23
Keywords: United States of America,Major Breaking News,Media (industry),Mexico,South and Central America,Brazil,Living and lifestyle,France,Western Europe,Europe,Germany,Spain,China,Asia,Japan,India,Russian Federation,Eastern Europe,United Kingdom,Pakistan,Finland,
Quote: The sixth-richest man is Oracle Corp (ORCL.O) Chief
Executive Larry Ellison with $28 billion. At No. 7 is the
richest man in Europe, Bernard Arnault, CEO of luxury goods
group LVMH (LVMH.PA), who has a fortune of $27.5 billion. "The bling is back," said Forbes Senior Editor Luisa Kroll
of Arnault's wealth. Rounding out the top 10 is Spanish clothing retailer
Inditex (ITX.MC) founder Amancio Ortega with $25 billion and
German supermarket king Karl Albrecht, who is valued at $23.5
billion. While G...
Read articleLarry Ellison's Other Sporting Passion: Tennis
2010-03-10 03:54:32
Keywords: Larry Ellison, fifth tennis major, BMW Oracle Racing, BNP Paribas Open, Indian Wells California, Rafael Nadal, Roger Federer, Pete Sampras, Andre Agassi, Lindsay Davenport, Martina Navratilova, Kim Clijsters, Steffi Graf, Hit for Haiti
Quote: Larry Ellison's Other Sporting Passion: TennisThe Oracle co-founder spent as much as $100 million to buy tennis's "fifth major," the BNP Paribas Open that runs through Mar. 21
By
Rick Horrow and Karla Swatek
Larry EllisonORCL) co-founder and chief executive, know that he is a passionate sailor, with BMW Oracle Racing's successive America's Cup title fresh in hand. Less well-known is that the software billionaire is almost as crazy about racquets as he is about boats. The BNP Paribas O...
Read articleAnalysis: Auto industry in Louisiana at crossroad
2010-03-09 03:42:41
Quote: Frank Varasano, former Oracle Corp. executive and V-Vehicle CEO, said recently that a prototype is under testing and a marketable product could be in dealer showrooms by the end of 2011.However, state incentives, for now, have been cut off and V-Vehicle is returning $6.8 million in incentive money to the state since a March 1 deadline for getting the federal loan passed. Varasano and Moret say they expect a favorable decision by the end of the month.What happens if the Energy Department rejects ...
Read articlePeabody to Fund Carbon-Capture Start-Up?
2010-03-09 03:42:40
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Andrea Tse ,Energy
Quote: NEW YORK (TheStreet) -- Coal company Peabody Energy(BTU) is expected to announce its decision to invest in energy start-up company Calera this week, according to the New York Times.Calera's claim to fame is that is has developed technology converting most of the carbon dioxide emission from a coal or gas-fired power plant into calcium carbonate, which can then be prepared for use in wall or highway construction.Times' columnist Thomas Friedman writes.Calera is currently the pet project of Vinod ...
Read articleUnemployment Rate Holds Steady at 9.7%
2010-03-08 03:30:07
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Sung Moss ,Economy
Quote: Jim Bunning (R., Ky.) came under fire when he attempted to delay an extension on jobless benefits, citing government spending worries, only to relent later under waves of criticism.private sector employers shed their fewest jobs in two years, while a separate report from Challenger, Gray & Christmas said layoff announcements fell 41% last month.Big names like MerckMRK) and OracleORCL)Kohl'sKSS) said it would open several new stores, which will add more than 1,500 positions.servicemanufacturing s...
Read articleJohn Dvorak's Second Opinion: Making H-P too big to fail through M&A
2010-03-08 03:30:06
Keywords: Commentary, HPQ, Hewlett-Packard Co, ORCL, Oracle Corporation, CSCO, Cisco Systems Inc, SY, Sybase Inc, SY, Sybase Inc, TDC, Teradata Corp, TDC, Teradata Corp, MSFT, Microsoft Corporation, JNPR, Juniper Networks Inc
Quote: Hurd actually suggested, by calling out Oracle/quotes/comstock/15*!orcl/quotes/nls/orcl(ORCL24.95,+0.19,+0.77%) and Cisco Systems Inc./quotes/comstock/15*!csco/quotes/nls/csco(CSCO25.21,+0.26,+1.04%), that someday H-P will be in direct competition with both. This simply means H-P will buy a database company and a router maker. (Investors should look for any and all buyout candidates in these areas. There is no reason H-P should get the bargain of the century without readers getting in on it.)In ...
Read articleControverting Complacency
2010-03-08 03:30:05
Quote: Oracle (ticker: ORCL) is a textbook example of the type of trade that make sense and is getting done.
To benefit from an expected post-earnings rally that could return Oracle to a more normal stock valuation in the 14 to 15 times earnings range, up from the current 12 times earnings on 2011 estimates, Goldman Sachs is telling clients to buy Oracle's inexpensively priced April $25 call.
If you have conviction, many options prices reflect little conviction, and that is tempting.......
Read articleThis Week | What Happened to Your Money By Matt Phillips
2010-03-08 03:30:05
Quote: By MATT PHILLIPSLuring InvestorsOracleHewlett-PackardDisney.
Copper RecoveryWhile the broader markets have been in the doldrums so far this year, surging prices for copper suggest that the economic recovery is gaining steam. The price for the metal—seen as a barometer of economic growth because of its wide array of industrial uses—is up about 2.3% so far this year and more than 12% since the end of January.
Checking ClevelandCleveland is now the sole site where the Fed processes pap...
Read articleInitial Jobless Claims Decline
2010-03-05 05:23:11
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Sung Moss ,Economy
Quote: One assessment from Automatic Data ProcessingADP)private sector employers shed their fewest jobs in two years, while another from Challenger, Gray & Christmas said announced layoffs fell 41% last month.Big names like MerckMRK) and OracleORCL)Kohl'sKSS) said it would open several new stores, which will add more than 1500 positions.Firms also experienced a surge in productivity after months of cost cutting left a sea of workers adrift in the unemployed ranks. The Labor Department raised its fourth...
Read articleBNP Paribas Open "Hit For Haiti" Exhibition to Be Presented by Oracle
2010-03-05 05:23:09
Quote: NASDAQORCLNews), and has added a second match to the evening's event that
will feature four legendary female players, it was announced today by Steve
Simon, tournament director.Oracle will lead a comprehensive fundraising effort which will include
on-site, text messaging and private donations targeted to reach $1 Million.
Funds will benefit the American Red Cross Haiti Relief and Development
fund, which was established to help those impacted by the recent
earthquakes in Haiti.A women's match fea...
Read articleReport: February job cuts lowest since 2006
2010-03-04 02:47:20
Quote: (NYSE: MRK) contributed significantly to that number with cuts related to its acquisition of Schering-Plough.In the Bay Area, Oracle Corp. (NASDAQ: ORCL) said it would cut some 1,000 jobs in buying Sun Microsystems Inc., but Oracle also said it plans to hire about 2,000 people in coming months.Challenger said this year companies are cutting jobs “to take advantage of future growth opportunites.” A year ago, he said, “cuts were being made simply to keep the company afloat.&rdquo...
Read articleOracle Earnings Call scheduled for Thu, Mar 25
2010-03-04 02:47:06
Quote: Call DetailsOracle Earnings Conference Call (Q3 2010)Scheduled
to start Thu, Mar 25, 2010, 5:00 pm EasternAfter
the event has finished, the audio will be availablefrom
this page until Sat, Mar 26, 2011About OracleORCL)Oracle Corporation, an enterprise software company, engages in the development, manufacture, distribution, servicing, and marketing of database, middleware, and application software worldwide. The company’s New Software Licenses segment provides licenses for database and middl...
Read articleStock Options Still Popular With Tech Firms
2010-03-04 02:47:06
Quote: By PUI-WING TAMMany Silicon Valley technology companies might be shifting away from using stock options, but they haven't stopped handing them out.
Silicon Valley firms such as Oracle Corp. and Cisco Systems Inc. continued to give out big options packages to executives during the recession last year, according to an analysis from executive-compensation research firm Equilar Inc. Some companies handed out option grants that were similar in scope to what they gave in 2008, while others raised such...
Read articleNasdaq 100 Offers Cheap Stocks, Steady Gains
2010-03-03 04:43:19
Quote: Components Google, Oracle and Cisco are up by more than 56% during the past year, with Cisco increasing 68%. These stocks have bounced off the market's bottom as investors recognize that they stand to have a profitable recovery. Even after the past year's strong performance, these stocks still appear cheap. Google has a PEG ratio of just 0.9, suggesting that analysts expect more growth than what's priced into the shares, and a forward price-to-earnings ratio of 16.7. Oracle and Cisco offer forwa...
Read articleUPDATE - SAP co-CEOs hope for love on promises of continuity
2010-03-03 04:43:18
Keywords: Corporate Results Forecasts,Mergers and Acquisitions (including Changes of Ownership),Management issues/policy,Western Europe,Europe,Commercial services and supplies (industry group),Industrial machinery,Machinery,
Quote: SAP, the arch-rival of U.S.-based Oracle Corp (ORCL.O),
announced a surprise management reshuffle last month that saw
Leo Apotheker quit after just seven months as sole CEO and the
company return to a split leadership structure. SAP co-founder Hasso Plattner had said customers lost trust
in SAP and that it needed to be a "happy company" again. Some investors had wondered what Apotheker's two
replacements have in store for SAP. Some analysts had questioned
whether McDermott and Snabe would be up ...
Read articleUPDATE - Elliott offers to take Novell private for $2 bln
2010-03-03 04:43:17
Keywords: United States of America,Business activities,Software,Commercial services and supplies (industry group),Industrial machinery,Machinery,
Quote: "We believe there is $6
a share worth of undervalued assets." Novell's key rivals include Microsoft (MSFT.O), IBM
(IBM.N), Oracle (ORCL.O), HP (HPQ.N), Symantec (SYMC.O) and Red
Hat (RHT.N). Novell's customers includeWal-Mart Stores Inc (WMT.N),
Wyndham Worldwide Corp (WYN.N) and Casio Computer (6952.TAnupreeta Das in New York; Editing by
Anil D'Silva)......
Read articleNasdaq 100 Offers Cheap Stocks, Steady Returns
2010-03-02 04:13:06
Quote: Components Google, Oracle and Cisco are up by more than 56% during the past year, with Cisco increasing 68%. These stocks have bounced off the market's bottom as investors recognize that they stand to have a profitable recovery. Even after the past year's strong performance, these stocks still appear cheap. Google has a PEG ratio of just 0.9, suggesting that analysts expect more growth than what's priced into the shares, and a forward price-to-earnings ratio of 16.7. Oracle and Cisco offer forwa...
Read articleNetSuite woos Microsoft resellers with commissions
2010-03-02 04:13:05
Keywords: Software,United States of America,Data processing services,
Quote: NetSuite, majority-owned by Oracle Corp (ORCL.O) Chief
Executive Larry Ellison, said it will give software resellers
in North America commissions equal to 100 percent of the first
year's revenue on new contracts when they sell two-year
subscriptions to its products. Resellers will receive 10 percent of annual revenue in
subsequent years, NetSuite Chief Executive Zach Nelson said in
an interview on Monday. The company currently pays resellers an annual commission
of 30 percent. "We wanted to do s...
Read article
