Oracle to buy NetSuite for $9.3 billion to gain cloud computing clout
(Reuters) – Business software maker Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion in cash, a deal designed to help Oracle gain market share in the fast-growing cloud computing business.
Judge rejects Sumner Redstone bid to end Viacom CEO lawsuit
(Reuters) – A Massachusetts judge on Thursday rejected Sumner Redstone’s bid to quickly end a case that will likely determine the future of the media mogul’s holdings and set an October trial date, marking a victory for Viacom Inc Chief Executive Phil…
Whole Foods slides as price cuts fail to impress
(Reuters) – Whole Foods Market Inc’s shares plunged on Thursday as the company’s efforts to position itself as a competitively priced grocer yielded little results in the third quarter.
Despite dieselgate, VW becomes top-selling carmaker as Toyota slips
TOKYO/BERLIN (Reuters) – Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world’s top-selling carmaker in the first six months of 2016 despi…
Chipotle to open first ‘Tasty Made’ burger joint this fall
(Reuters) – Chipotle Mexican Grill Inc on Thursday said it will open its first “Tasty Made” hamburger restaurant this fall in Lancaster, Ohio.
Mercedes rejects claims about ‘misleading’ self-driving car ads
FRANKFURT (Reuters) – Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car’s self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal T…
Dow Chemical says cost savings will likely exceed FY target
(Reuters) – Dow Chemical Co reported a better-than-expected quarterly profit as lower costs helped boost margins and the company indicated that it would exceed its cost-cutting target for the year.
Volkswagen eyes higher 2016 car sales on China, Europe demand
BERLIN (Reuters) – Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said.
Shell misses expectations as earnings plunge on oil, BG costs
LONDON (Reuters) – Royal Dutch Shell missed quarterly profit expectations by more than $1 billion on Thursday after reporting a 72 percent plunge in earnings due to weak oil prices and high costs following its $54 billion takeover of BG Group.
Boeing says it could end 747 production
(Reuters) – Boeing Co could end production of its iconic 747 aircraft, as the world’s biggest plane maker faces falling orders and pricing pressure, according to a regulatory filing.
