Oracle profit beats as cloud shift gains steam, shares at record
(Reuters) – Oracle Corp’s quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company’s transition to cloud is starting to pay off.
Judge approves temporary stop to DraftKings, FanDuel merger
WASHINGTON (Reuters) – A federal judge has approved a temporary halt of a merger between sport fantasy companies DraftKings and FanDuel.
For thousands of U.S. auto workers, downturn is already here
LORDSTOWN, Ohio (Reuters) – Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard times are already here.
Exclusive: Qatar sovereign fund moves stakes to government, may sell assets – sources
DOHA (Reuters) – Qatar’s sovereign wealth fund has transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter told Reuters.
Diageo to buy George Clooney’s tequila brand Casamigos for up to $1 billion
LONDON (Reuters) – Diageo Plc has agreed to buy George Clooney’s high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world’s largest spirits maker seeks to boost its presence in a high-growth market.
Cigna’s 2017 growth may include Medicare Advantage acquisitions
NEW YORK (Reuters) – Cigna Corp Chief Executive David Cordani told investors on Wednesday that the company has $7 billion to $14 billion in capital it could use in 2017 for mergers and acquisitions in several areas, including Medicare Advantage for ol…
Apple adds Virgin to U.S. carrier lineup as Virgin ditches Android
(Reuters) – Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker’s since 2013, the companies said on Wednesday.
Boeing’s Conner bows out with $1.2 billion air show deal
PARIS (Reuters) – Boeing Vice Chairman Ray Conner on Wednesday sealed his last air show deal before retiring, signing off with the conversion of ten orders to the new 737 MAX 10 model for Donghai Airlines in China, where near-record traffic growth is …
Airbus to fit ejectable black boxes to A350 from 2019
PARIS (Reuters) – European planemaker Airbus will fit ejectable flight recorders to its long-range A350 jets from 2019, meaning they could float in the event of a crash at sea, the company said on Wednesday.
Harley-Davidson enters race to buy Italian rival Ducati: sources
LONDON (Reuters) – U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros ($1.67 bill…
