Oracle, based in Redwood Shores, Calif., expects to complete the deal by late this year or early next.
By The Associated Press(equals)
The Dow Jones industrial average rose 104.83 points, or 0.9 percent, to 11,913.62. The Nasdaq composite rose 61.98, or 2.4 percent, to 2,699.44. The Standard & Poor's 500 index rose 15.94 points, or 1.29 percent, to 1,254.19.Benchmark crude rose $3.87, or 4.4 percent, to finish at $91.27 per barrel in New York. Brent crude rose $1.89 to end at $111.45 a barrel in London. In other energy trading, heating oil rose 3.83 cents to finish at $3.0542 per gallon and gasoline futures increased 1.21 cents to end at $2.6703 per gallon. Natural gas fell 2.5 cents to finish the day at $3.604 per 1,000 cubic feet.