IBT Staff Reporter

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Oracle sales surge, raises dividend

Oracle Corp beat Wall Street forecasts and raised its dividend 20 percent on Thursday, as the business software maker capitalized on resurgent spending on technology.

Portugal crisis hijacks European summit

A political crisis in Portugal that has forced the resignation of its prime minister dominated the start of a summit of EU leaders on Thursday, with Lisbon rejecting intense pressure to seek a bailout package.

Ex-Ponzi-schemer charged with insider trading

Barry Minkow, a former Ponzi scheme swindler who claimed to have cleaned up his act, was charged on Thursday with insider trading in shares of Miami-based Lennar Corp , a leading U.S. homebuilder.

Hispanic population to reach 50 million

The Latino population of the United States will break 50 million for the first time, according to analysts. The official US Census Bureau demographics data will be released later today.

Teva, Procter & Gamble create OTC drug partnership

Procter & Gamble Co and generic drugmaker Teva Pharmaceutical Industries Ltd are joining forces to sell over-the-counter medicines as both companies try to expand their reach, particularly in developing markets.

Fitch cuts Portugal ratings on PM resignation

Fitch on Thursday cut Portugal's credit ratings by two notches, saying risks to the country's financing rose after parliament failed to pass fiscal austerity measures and the prime minister resigned.

Oil dips on profit-taking after recent rally

Oil prices dropped back on Thursday in a bout of profit-taking as investors paused after a hefty rally on supply worries amid the fighting in Libya and growing unrest in the Middle East.

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