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Lawrence Ellison

Oracle’s Future: Ellison Says Giant Will Keep Growing

Oracle shares leaped nearly 7 percent Wednesday after the database giant assuaged investor fears that lagging hardware sales might slow it down. The company reported first-quarter earnings that exceeded analyst expectations.
The headquarters of Oracle Corporation are shown in Redwood City, California February 2, 2010. Picture taken February 2, 2010.

Oracle Earnings: Is the Giant Slowing Down?

Database giant Oracle reported its first quarter net income jumped 36 percent to $1.8 billion, exceeding analyst estimates, as revenue rose a more modest 12 percent to $8.4 billion.
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Anne Sinclair, DSK’s Wife

The Strauss-Kahn Interview: France's Reaction and 5 Take-Aways

Dominique Strauss-Kahn spoke publicly for the first time since returning to France. During an interview on French television station TF1 on Sunday night, the former head of the International Monetary Fund expressed his infinite regret over his affair with hotel maid Nafissatou Diallo in May.
  Late last year, AT&T slapped a deployed U.S. soldier with a "bill shock" of $16,000

Seven States Join AT&T-T-Mobile Merger Lawsuit

Seven states, including California, Pennsylvania, Ohio, Illinois and New York, have joined the lawsuit to stop AT&T’s acquisition of T-Mobile USA, the Justice Department said Friday. Previously, AT&T had proposed a $39 Billion deal to purchase T-Mobile.
Bond fund manager Jeffrey Gundlach testifies in court in Los Angeles

Verdict Reached in TCW vs Gundlach :court

The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.
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HP execs misled investors before August stock crash: lawsuit

Hewlett-Packard Co and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week.
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Steve Wynn loses court fight with Joe Francis

Not since Frank Sinatra was featured in a commercial sending the casino owner off to fetch him some towels has Las Vegas hotelier Steve Wynn suffered such a public embarrassment.
Health News

More U.S. Doctors Facing Charges Over Drug Abuse

Michael Jackson's doctor, accused of killing the pop star with a powerful anesthetic, has joined a small but growing number of U.S. physicians facing criminal charges over their handling of prescription drugs.
eBay Inc.

U.S. in Criminal Probe of eBay Employees

U.S. prosecutors have launched a criminal probe into whether eBay Inc employees took confidential information from classified ad website Craigslist as eBay sought to build a rival service, a copy of a grand jury subpoena obtained by Reuters shows.
Bond fund manager Jeffrey Gundlach testifies in court in Los Angeles

TCW, Gundlach court drama reaches closing arguments

Star bond fund manager Jeffrey Gundlach and his inner circle plotted to destroy Trust Company of the West by forming a competing firm while they were still employed by TCW, a TCW attorney said in closing arguments in a trial over alleged theft of trade secrets.
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Cargill Announces Second Turkey Recall

Cargill Inc said on Sunday that it will recall ground turkey products at one of its U.S. facilities for the second time in two months after a U.S. government body found salmonella contamination.

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