Bloomberg Business: Oracle Sales Miss Estimates; Shares Rise on Cloud Gain
©2015 Bloomberg News NLDPBF6JTSEC (Bloomberg) — Oracle Corp. reported fiscal third-quarter sales that missed analysts’ estimates, hurt by a rise in the U.S. dollar and weak corporate demand for cloud software. Revenue in the period that ended Feb. 28 was little changed from a year earlier at $9.33 billion, and
Bloomberg Business: Life Time Fitness Will Be Acquired for More Than $4 Billion
Copyright 2015 Bloomberg. NLBPNL6KLVRT (Bloomberg) — Private equity firms Leonard Green & Partners and TPG Capital agreed to buy gym operator Life Time Fitness Inc. in a transaction valued at more than $4 billion, one of the biggest buyouts of the year. The investor group, which also includes LNK Partners and
Bloomberg Business: S&P 500 Advances Most in Five Weeks Amid Deals, Fed Speculation
Copyright 2015 Bloomberg. NLBOF66KLVS6 (Bloomberg) — The Standard & Poor’s 500 Index rose the most since Feb. 3, amid corporate deals and as investors weighed the timing of interest-rate increases after lower-than-forecast economic data. Health-care companies in the S&P 500 Index advanced 2.2 percent as Salix Pharmaceuticals Ltd. accepted a sweetened,
Bloomberg Business: Americans Are Against Internet Surveillance, Kind Of
Copyright 2015 Bloomberg. NLBQNN6JTSEQ The test of a first-rate intelligence, according to one great American writer, “is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” Americans are passing that test when it comes to their opinions on Internet surveillance. In a survey published by the
Bloomberg Business: Commodities Decline Near ‘Exhaustion’ as Hackett Says Buy Rice
Copyright 2015 Bloomberg. NL8WAA6S9728 (Bloomberg) — The commodities fall is near “exhaustion” with wheat, rice and coffee set to rebound, according to Shawn Hackett, president of Hackett Financial Advisors in Florida. The Bloomberg Commodity Index of 22 raw materials closed on Friday at the lowest level since August 2002, capping
Bloomberg Business: Brazil Pledges Anti-Corruption Moves After 1 Million Hit Streets
Copyright 2015 Bloomberg. NLA4EB6KLVRH (Bloomberg) — Brazil’s government will present a package of anti-corruption measures after more than 1 million people, some of them calling for President Dilma Rousseff’s impeachment, took to the nation’s streets Sunday. Rousseff will deliver the package within days, Secretary General Miguel Rossetto and Justice Minister Jose
Bloomberg Business: Dollar Holds Jump on U.S. Rate Outlook While Oil Extends Selloff
Copyright 2015 Bloomberg. NLA0PJ6JIJUP (Bloomberg) — The dollar maintained its rally, trading near a 12-year high versus the euro as investors considered the timeline for higher U.S. interest rates ahead of this week’s Federal Reserve meeting. Crude oil extended its slump. The greenback was at $1.0498 per euro by 8:16 a.m.
Bloomberg Business: U.S. Refinery Strikes Drag On Even With National Accord Reached
Copyright 2015 Bloomberg. NL4F8F6K50XW (Bloomberg) — United Steelworkers members on strike at some oil refineries across the U.S. will remain off the job until they receive offers that match up with a national deal reached Thursday, a union representative said. USW members at Tesoro Corp.’s Carson oil refinery in California have
Bloomberg Business: Egypt Town Groomed for Investors as Bombs Explode Elsewhere
Egypt Town Groomed for Investors as Bombs Explode Elsewhere Copyright 2015 Bloomberg. NL4DP76VDKHT (Bloomberg) — As small bomb attacks struck Cairo and cities across Egypt in the past two weeks, Sharm El Sheikh was being beautified in readiness for the money men. The Red Sea resort will host an investor
Bloomberg Business: More Coal Cuts Seen Ahead as Demand for Steel Slows: Commodities
Copyright 2015 Bloomberg. NL4C4M6TTDS8 (Bloomberg) — In the last year, mining companies eliminated about 15 million tons of production capacity for the coal used to make steel, while outlining plans to double those cuts in the near future. It won’t be near enough. That’s the determination of Chief Executive Officer Don
