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Oracle sees revenue below estimates as cloud spending sputters

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Oracle sees revenue below estimates as cloud spending sputters

A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Sept 11 (Reuters) – Oracle (ORCL.N) projected current-quarter revenue below Wall Street targets on Monday and narrowly missed expectations for the … Read more

Big Tech’s core businesses face overhaul under EU tech rules

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Big Tech’s core businesses face overhaul under EU tech rules

European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing Rights Sept 6 (Reuters) – The European Union has picked out 22 so-called “gatekeeper” services, run by six of the biggest tech companies in the world, to face new rules as part of its latest … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

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Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

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Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Aug 11 (Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerings. … Read more

Wall Street closes near flat as Treasury yields surge

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Wall Street closes near flat as Treasury yields surge

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Amazon surges in extended trade after results Gloomy Spirit, Expedia results drag travel stocks lower PayPal drops after weak Q2 margins Qualcomm tumbles on signaling more pain from smartphone slump Aug 3 (Reuters) – U.S. … Read more