Tech
EU Still Open to Oracle/Sun: Report
The drawn-out purchase has been particularly problematic for Sun, which recently announced plans to cut 3,000 jobs. Sun revealed the headcount reduction in a filing with the Securities and Exchange Commission, explaining that its hand was forced by the delay in closing the deal.
Outspoken Oracle CEO Larry Ellison has already complained that the EC probe is costing Sun $100 million a month. Sun shares tacked on 7 cents, or 0.81%, to $8.67 Friday, mirroring the broader advance in tech stocks that saw the Nasdaq rise 0.53%. Oracle's stock also headed northwards, rising 25 cents, or 1.13%, to reach $22.29. -- Reported by James Rogers in New YorkTheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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10.02 |
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0.44 |
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SPDR Gold
151.62
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