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Buffett, the Oracle of Omaha, backtracks on Oracle, the company

(Reuters) – The Oracle of Omaha, Warren Buffett, admitted on Monday he knew less than he thought about Oracle Corp, the company overseen by fellow billionaire Larry Ellison. Investors were flummoxed earlier this month when Buffett’s company, Berkshire Hathaway... More »

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Oracle co-CEO Catz expects acceleration in cloud business

TEL AVIV (Reuters) – Oracle Corp co-CEO Safra Catz said on Monday she expects an acceleration in the company’s cloud business after the software maker last month reported sales from its cloud business that fell short of Wall Street expectations. Catz told repo... More »

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Oracle Corp to buy Australia’s Aconex for $1.19 billion

A sign marks a building housing Oracle offices in Burlington, Massachusetts, U.S., June 21, 2017. REUTERS/Brian Snyder Sydney (Reuters) – Australia’s Aconex Ltd (ACX.AX) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-shar... More »

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Oracle Co-CEO questions policies on student visas

Oracle Corp (ORCL.N) Co-Chief Executive Mark Hurd on Monday said he does not understand Trump administration immigration policies that make it difficult for foreigners to work in the United States after earning an education here. More »

Oracle, Google fail to settle Android lawsuit before retrial

SAN FRANCISCO Oracle Corp and Alphabet’s Google unit failed to settle a long running copyright lawsuit over the Android operating system ahead of a retrial scheduled for May, according to a court docket. The case involves how much copyright protection should e... More »

Oracle profit forecast fails to impress- shares fall

Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading. Oracle forecast third-quarter profit of about 63-66 ce... More »