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Oracle's turn to cloud; Can it strike the balance cord?

American technology giant in global database industry Oracle Corporation is shifting its focus on cloud offerings. Of late the database major has been facing stiff competition from new technology companies which offer cost-effective solutions via the internet. The shift to cloud could affect Oracle's revenues coming from business fee from existing customers running Oracle software at their data centers, analyses technology experts.

Sep 17, 2015 11:49 PM EDT


Updating estate plans need of the hour for family business owners

Family business contribute over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update estate planning for more than five years. Perfect and updated family planning ensures the smooth transition of a property from one generation to other while exploiting many tax benefits as well, advise experts.

Sep 17, 2015 11:29 PM EDT


US consumer prices drop, complicating Fed rate hike decision

A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.

Sep 17, 2015 11:09 PM EDT


For Avon, it's better late than never

Avon stock price has declined because it refused to go with the flow of the modern day industry where a lot of businesses make use of social media and other means to promote their products to drawing customers and generate larger revenue.

Sep 17, 2015 11:05 PM EDT


Oils Prices Rallied, But Recovery Still To Take Longer

Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.

Sep 17, 2015 9:18 AM EDT


Jaguar Land Rover: Bond cars for 'Spectre 007'

On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.

Sep 17, 2015 9:08 AM EDT


Alibaba investors losing confidence as company's shares go below debut price

Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares cased by the slow consumer spending brought by the Chinese economic meltdown.

Sep 17, 2015 8:38 AM EDT


Sprint's bonds tumble as Moody's downgrades US wireless major

The US wireless major Sprint backed bonds tumbled in the market following the downgrade by Moody's, which sees increasing burdeng of debt maturities, brutal competitions and lack of operational stability for the third largest US wireless company.

Sep 17, 2015 8:29 AM EDT


Sony's Project Morpheus is now officially PlayStation VR

Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world.

Sep 17, 2015 8:23 AM EDT


Sprint's iPhone plan, better than other US carriers

In a wireless world full of competition it leaves Sprint with no choice but to think of a smart strategy to outwit others. So far, Sprint has the best deal compared with other carriers, but who knows what will happen next with the price war still looming around.

Sep 17, 2015 8:14 AM EDT


Puerto Rico's rescue plan draws flak

The five-year restructuring plan proposed for ailing Caribbean islan Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.

Sep 17, 2015 8:04 AM EDT


Brazilian PE firm 3G Capital eyes SAB Miller

Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev of 3G Capital is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.

Sep 17, 2015 7:52 AM EDT


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