This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Oracle to Transfer Listing to NYSE: Ahead of the Ticker

NEW YORK ( TheStreet) -- Software giant Oracle (ORCL - Get Report) will transfer its listing to the New York Stock Exchange from the Nasdaq.

The move is expected to take place on July 15 and is subject to approval of the exchange. Oracle, which will continue trading under its ticker symbol "ORCL," said its board determined that the transfer "would be in the best interests of its stockholders, customers and partners."

With a market capitalization of $156.4 billion as of Thursday's close, Oracle's move would be the NYSE' largest market transfer listing in history, the exchange said.

Oracle has traded on the Nasdaq since 1986. It will be the fourth Nasdaq-listed company to move to the NYSE in the past year.






Russian oil firm Rosneft has agreed to supply oil to China in a deal valued at $270 billion.

Rosneft will supply China with 300,000 barrels per day over 25 years, doubling the 300,000 barrels per day it already supplies to the country and making China Russia's largest market for oil.

According to Russian President Vladimir Putin, Rosneft will receive about $70 billion in upfront payments from China.

The deal will help Rosneft reduce debts it acquired after it took over TNK-BP in a $55 billion cash-and-stock deal. That acquisition made Russia a top global oil producer by output.






Darden Restaurants (DRI - Get Report) reported better-than-expected quarterly sales on improving traffic, but profit missed Wall Street expectations.

The parent of restaurants Olive Garden and Red Lobster said comparable sales rose 2.2% for the period ended May 26, as the company employed lower-priced offerings and promotions in order to lure in customers.

Darden said it earned $133.2 million, or $1.01 a share, down from $151.2 million, or $1.15 a share, a year ago. Excluding items, earnings were $1.02 ashare, falling slightly short of analyst expectations for earnings of $1.03.

A 15% increase in costs and expenses weighed on the company's profits.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DRI $64.38 0.59%
ORCL $44.03 0.48%
AAPL $129.09 0.49%
FB $79.75 0.99%
GOOG $571.34 2.32%

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs