Oracle

Arlington Agrees to Sell Itself to Oracle for $532 Million

Arlington Agrees to Sell Itself to Oracle for $532 Million

On Monday, Opower, the energy analytics company based in Arlington, Texas said it has agreed to be bought by Oracle for $532 million. It is expected that the deal will close later this year. The deal values shares of Opower at a 30 percent premium as of Friday's close.

Oracle’s Quarterly Revenue Surpasses Expectations

Oracle’s Quarterly Revenue Surpasses Expectations

On Tuesday, Redwood City California based Oracle Corporation reported quarterly profits that surpassed expectations mainly due to gains from its growing cloud business. The computer technology company also said that it will boost its stock buyback program by $10 billion. The news send Oracle shares almost 4 percent up during the extended trading hours.

Oracle’s Chief Larry Ellison Retires

Oracle’s Chief Larry Ellison Retires

Lawrence J. Ellison turned 70 last month and will be retiring from his post of chief executive with Oracle Corp. He founded the company in 1977. The company announced his retirement on Thursday.

US appeals court considers Oracle's copyright claims involving Java programming language

US appeals court considers Oracle's copyright claims involving Java programming

In Oracle and Google's long-running patent- and copyright-infringement lawsuit involving Google's use of Java application programming interfaces (APIs) in Android, the US Court of Appeals for the Federal Circuit in Washington considered Oracle's Java copyright claims.

Majority of Oracle shareholders oppose CEO Ellison’s compensation

Majority of Oracle shareholders oppose CEO Ellison’s compensation

At software giant Oracle's annual meeting on Thursday, the compensation of the company's CEO, Lawrence J. Ellison, was opposed by a majority of shareholders who voted against a nonbinding resolution on the pay practices of the company.

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