Archive for April, 2009

NYMEX-Crude slips on economic worry, May to expiry

* Global equities weaker, Wall Street mixed early * US crude oil inventories expected to have risen NEW YORK, April 21 (Reuters) – US crude oil future fell on Tuesday as faltering confidence in a quick economic recovery and bank stability that pressured global equities pushed crude oil prices …

What Oracle Sees in Sun

By Aaron Ricadela Over the past 13 years, Sun Microsystems’ Java language has become one of the computer industry’s best known brands—and underappreciated assets …

US Stocks Lower Amid Earnings Concerns; DJIA Down 158 Points

By MarketWatch US stocks were under early pressure as investors worried that a fresh slate of corporate results this week could show continued pressure from the world-wide recession. The Dow Jones Industrial Average was down by about 158 points as most of its components declined. The S&P 500 …

CEO Larry Ellison says Java is ‘most important software we’ve ever acquired’

By Christopher Hinton & Jeffry Bartash, MarketWatch WASHINGTON DC (MarketWatch) — Oracle Corp. on Monday said it will buy Sun Microsystems Inc., creator of widely used Java software, in a cash deal worth $5.6 billion that unites two of Silicon …

US STOCKS-Wall St tumbles on earnings caution, bank jitters

By Leah Schnurr NEW YORK, April 20 (Reuters) – US stocks tumbled on Monday on worries about the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans.

Oracle to buy Sun for $9.50 a share

By Ben Rooney, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — Business software maker Oracle Corp. said Monday it has entered into a definitive agreement to buy server builder Sun Microsystems in a deal worth $7.4 billion.

Dollar gains vs. euro as Trichet signals a cut

By William L. Watts & Deborah Levine, MarketWatch NEW YORK (MarketWatch) — The US dollar gained versus the euro Monday, extending the euro’s previous-week losses, as the head of the European Central Bank signaled that policy makers are weighing a …

Hong Kong property shares jump on perking demand

By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) — Shares of property developers helped push Hong Kong stocks higher Monday, amid signs that demand was rising as credit-market conditions improved and as stock-market gains boosted confidence.

Oil falls 6% on stronger dollar, economic concerns

By Polya Lesova, MarketWatch NEW YORK (MarketWatch) — Oil prices fell more than 6% Monday to trade below $47 a barrel, as US dollar strength, falling stock markets and ongoing concerns about the global economy pressured the energy market.

US may turn its loans to banks into stock

By Edmund L. Andrews WASHINGTON – President Obama’s top economic advisers have determined they can shore up the banking system without having to ask …

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