Oracle is set to acquire business-to-consumer marketing software vendor Responsys for US$1.5 billion in a bid to flesh out its own capabilities as well as strike back at rivals such as Salesforce.com and Microsoft.
Oracle's second-quarter revenue rose 2 percent to US$9.3 billion while net income dropped 1 percent to $2.6 billion, with new software license and cloud subscription revenue flat and hardware product revenue continuing a long slide.
AT&T wants to silence a shareholder proposal that it disclose the government requests it receives for customer information, rejecting a step that Google, Microsoft and other Internet companies have already taken.
U.S. securities regulators questioned an early version of Twitter's initial public offering prospectus that claimed the social media company was becoming more profitable when it was actually losing increasing amounts of money.
Twitter has set its IPO price at US$26 per share, a dollar above the top end of the price range it predicted earlier this week.
The New York Stock Exchange has formally approved Twitter stock for trading, making it likely that the much-anticipated initial public offering will take place on Thursday.
Twitter on Monday increased the price of shares in its initial public offering to a range of US$23 to $25 per share and also revealed that IBM has claimed the company has infringed on several patents.
A majority of Oracle shareholders have once again voted against the company's executive pay practices, including for CEO Larry Ellison.
Twitter plans to price its IPO shares between US$17 and $20 when it lists on the New York Stock Exchange, the company said Thursday in a filing
Twitter lost almost as much money in the July-to-September quarter as it did in the first six months of this year, according to a regulatory disclosure made by the company on Tuesday.
Twitter plans to list its shares on the New York Stock Exchange, it said Tuesday.
File this one under oops -- Twitter may have inadvertently revealed, at an earlier point, its plans to go public on Nov. 15, according to a recent PrivCo report.
Twitter doesn't seem to have a problem attracting users in international markets, but it definitely has problems making money off them.
Twitter has fewer users and less revenue than Facebook, but in mobile advertising Twitter appears to have dodged the problems that dragged down Facebook's stock after its public offering last year.
Twitter has filed for its long-awaited initial public offering, revealing a fast-growing company but one that lost money in each of the past three years.
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