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Stock Market & Financial Investment News

News Breaks
August 13, 2014
16:03 EDTORCL, MCRSOracle extends tender offer for MICROS to September 2
Oracle (ORCL) announced that, in accordance with the terms of its merger agreement with MICROS (MCRS), Rocket Acquisition, a subsidiary of OC Acquisition, a subsidiary of Oracle, has extended its all-cash tender offer for $68.00 per share for all of the issued and outstanding shares of common stock of MICROS to 12:00 Midnight, New York City time, at the end of September 2, unless further extended. The tender offer was previously set to expire at 12:00 Midnight, New York City time, at the end of August 15. The extension is being made in light of the fact that the European Commission has indicated that the provisional deadline for concluding its review of the transaction under the EC Merger Regulation is August 29, and the other terms of the merger agreement, including the conditions to the tender offer. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.
News For ORCL;MCRS From The Last 14 Days
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July 30, 2015
05:29 EDTORCLOracle upgraded to Buy from Hold at Jefferies
Jefferies analysts John DiFucci and Brad Zelnick upgraded Oracle to Buy and raised their price target for shares to $50 from $41. The software giant closed yesterday up 52c to $39.80. The 12c/Exadata product cycle will keep Oracle relevant in the Cloud, the analysts tell investors in a research note. Further, alternative database technologies like Hadoop and NoSQL "are not a death knell," they write. The analysts believe that some enterprises will continue to require on-premise solutions.
July 28, 2015
05:41 EDTORCLOracle FLEXCUBE selected by Maitland Group to deliver transfer agency services
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July 27, 2015
11:01 EDTORCLFederal Court increase damages amount Oracle can seek against Rimini Street
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06:58 EDTORCLOracle using 'nuclear option' to sell its cloud products, Business Insider says
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July 23, 2015
06:32 EDTORCLOracle requests permission to update suit against Google, Reuters reports
Oracle (ORCL) has requested permission from a U.S. judge to update its copyright lawsuit against Google (GOOG) to include the Android operating system's current market dominance, Reuters reports. Oracle has said it wants the suit to add that Google continues its copyright infringement through updated versions of Android, the report says. Reference Link
July 21, 2015
14:24 EDTORCLEarnings Watch: EMC reports amid M&A speculation in sector
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07:15 EDTORCLOracle management to meet with Deutsche Bank
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July 20, 2015
07:07 EDTORCLOracle management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on July 20 hosted by Deutsche Bank.
July 16, 2015
18:48 EDTORCLOracle drops largest copyright damages theory against Rimini Street
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11:39 EDTORCLOracle management to meet with Evercore ISI
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06:25 EDTORCLOracle announces 'disciplined reduction' in overall compensatoin
Oracle announced bonuses to Ellison, Catz and Hurd will be paid out at $0 in FY15, compared to 16% targe tin FY14. Oracle said that no performance-based cash bonuses will be awarded in years where no growth in non-GAAP pre-tax profits is achieved. PSU payouts are based on Oracle revenue growth and operating cash flow growth relative to select peer company performances. In connection with the management transition in 2015, the compensation committee canceled 1.5M equity equivalent shares of Ellison's FY15 equity award. The company announced option awards will be reduced to 5 year terms from 10 year terms in 2016, significantly reducing its value and maintaining long-term vest. Comments taken from slides for July Investor Presentation.

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