Says ZDNet’s Jack Clark of Larry Ellison’s Oracle OpenWorld keynote: “Oracle wants to build a cathedral of cloud services, while all around it its competitors are building slums.” Larry Ellison’s Oracle (NASDAQ:ORCL) intends to build a cloud product, suitable for both public and private environments, created entirely on Oracle’s hardware and software, that will run on the fastest computers in the world.
Brewer Molson Coors (NYSE:TAP) restructures its European operations into Molson Coors Europe that will include its UK and Ireland businesses and the recently acquired businesses in nine Central European countries.
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Carlyle’s (NYSE:CG) David Rubenstein says in a Bloomberg radio interview that the entry bar on investment in vehicles such as LBO forms and other alternative-investing opportunities may some day be lowered to allow the small investor to participate. Currently, only wealthy individuals and institutions, the so-called “accredited investors” are all0wed access to these investment avenues.
The Sunday Times reported that talks between the US government and BP (NYSE:BP) have reached a stalemate apparently because the US is demanding that BP pay up a minimum of $ 18 billion. Apparently BP’s board is divided over whether to give in to this demand or stick to its hopes of settling at $ 15 billion. Publicly, the oil giant has denied any liability for the Gulf oil spill disaster.
Macy’s (NYSE:M) plans to hire 80,000 seasonal employees for its Macy’s and Bloomingdale’s stores, a figure that is 2.5% higher than last year.
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