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Business News You Need Today: Aug. 13, 2010
5:50AM 8/13/2010
Company News, Technology, Economy, Google , Oracle, Amazon.com, Facebook, General Motors, Wells Fargo & Co, Yahoo, Autos, eBay, AOL
Here's news from the business world and other money matters to watch out for Friday (last updated at 7:09 a.m. Eastern time):
New 'Tech Titans' Emerge: Economic downturns typically breed innovation in the business world. Given the depth of the Great Recession, it's no surprise then that a whole...
Oracle Sues Google for Java Patent Infringement over Android
11:00PM 8/12/2010
Company News, Technology, Hewlett-Packard, Google , Oracle, Apple
Oracle alleges that Google's Android mobile operating system infringes patents associated with Oracle's Java programming platform. Java is used to write software for devices ranging from smartphones to high-end computer servers.
Oracle, Java and the Future of Corporate Computing
9:00AM 6/30/2010
With enterprise computing and consumer electronics converging, special-use devices with integrated software, memory and storage are set to take off. Database giant Oracle, which now owns the Java programming language, could be a leader.
European Union Approves Oracle-Sun Merger
4:40PM 1/22/2010
The European Union's support of Oracle's $7.4 billion acquisition of Sun Microsystems didn't come as a big surprise, but it is a key moment for the industry -- especially for Sun, the fourth largest maker of server computers.
E.U. challenge to Oracle-Sun deal a bad omen for M&A
5:00AM 11/10/2009
Company News, General Electric , Google , Kraft Foods, Microsoft, Oracle, Sun Microsystems
As expected, the E.U. raised objections to the Oracle (ORCL) buyout of Sun (JAVA) at about the same time that the Department of Justice approved the deal. The E.U.'s objection is based on the large market share that the two tech companies would have in the MySQL software business.
European...
Sun Mircosystems's poor quarterly results justify Oracle's concerns
1:00PM 11/07/2009
Oracle, (ORCL) which is trying to buy Sun Microsystems (JAVA) for $9.50 a share, has been concerned that the smaller company's financial position will be hurt by delays in the acquisition. On Friday, Sun filed its 10-Q report with its results for the third quarter, and the numbers proved that...
E.U. requirements may force Oracle to drop Sun deal
5:10AM 11/04/2009
Larry Ellison, the founder and CEO of Oracle (ORCL), would claim he has been patient while regulators work through his company's deal to buy Sun Microsystems (JAVA), which is probably a fair assessment. Oracle cut a deal to purchase Sun in late April for a price of $9.50 a share, or $7.4 billion....
Sun cuts 3,000 jobs in slap at EU
9:40AM 10/21/2009
Several weeks ago, Oracle (ORCL) said that Sun Microsystems (JAVA), which it is in the process of buying, is losing $100 million a month due to EU delays in approving the deal. That is not surprising. Sun is in the very competitive business of selling servers to businesses, and it's nowhere near...
Oracle buyout of Sun looks worse by the day
5:00AM 9/22/2009
Oracle's (ORCL) buyout of Sun Microsystems (JAVA) was conceived as a plan to combine the larger company's huge presence in enterprise software with the smaller firm's hardware and open source products technology. It was nearly a perfect marriage -- perfect enough for Oracle to pay a premium to...
Sacrebleu! EU probing Oracle-Sun deal
11:30AM 9/03/2009
Larry Ellison may want to take his fighter jet out for some stress relief right about now.
In a development sure to have the tech billionaire screaming "Sacrebleu!" -- if not more colorful language -- the European Union has opened an investigation into the proposed $7.4 billion buyout by Oracle...
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