Oracle Up on Outlook, Initiative - TheStreet

Oracle (ORCL) - Get Report was up 1.41% after CEO Larry Ellison said late Tuesday business was improving in the current quarter.

''We're seeing some of the big deals coming back,'' Ellison said.

Also Tuesday, the company unveiled a new initiative, Small Business Suite, in partnership with

NetLedger

. The software is available to smaller business customers on the Web through subscription. The move pits the company against rival

Microsoft

(MSFT) - Get Report

in the area of subscription software services.