Oracle beats forecast by penny, stock up
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SAN FRANCISCOâOracle Corp. reported a 16 per cent rise in quarterly net income yesterday as the world&#39;s second-largest software company benefited from steady demand for its flagship database software.
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U.S. stocks rallied on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O $10.3 billion sweetened buyout offer and other  big deals fueled expectations for more takeovers.
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U.S. stocks rose on Wednesday, with   the Nasdaq rallying more than 1 percent, after solid earnings   reports from software maker Oracle Corp. ORCL.O and   investment bank Morgan Stanley. MS.N
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Shares finished higher Thursday as investors set aside concerns about downbeat economic reports and focused on Oracleâs strong profits statement.
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Stocks rose on the news that November  retail sales were stronger-than-expected and that Oracle Corp.  ORCL.O would buy rival business software maker PeopleSoft  Inc. PSFT.O in a $10.3 billion deal.
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Wall Street was poised for a higher open on Friday, lifted by positive news from the technology sector, including higher-than-expected results from software maker Oracle Corp  and a stock buyback from Texas Instruments Inc .
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US stocks were set for a higher open on Monday, helped by news business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) struck a deal to buy rival PeopleSoft
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Stock index futures rose on Friday after Oracle Corp.  and Nike Inc.  reported financial results that topped forecasts, but volatility was likely to be high.
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Software stocks rose on Friday on speculation there may be more mergers in the industry after a US judge allowed Oracle Corp. to proceed with its takeover of rival PeopleSoft Inc.
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Fresh off a surprising legal victory in its bid to acquire PeopleSoft, Oracle reported a 16 percent jump in profit Tuesday, beating Wall Street&#39;s estimate by a penny.
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Stocks opened higher as investors grew encouraged following Oracleâs strong earnings, despite Bear Stearns  first-ever quarterly loss.
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U.S. stocks added to earlier gains on  Monday after software maker PeopleSoft Inc. PSFT.O accepted  rival Oracle Corp.'s ORCL.O $10.3 billion sweetened buyout  offer and data showed better-than-expected November retail  sales.
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BUSINESS software maker Oracle&#39;s quarterly earnings just exceeded analyst expectations, overcoming sluggish sales in applications the company hopes to remedy through its takeover bid for rival PeopleSoft.
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Socks rose on Thursday, led by technology shares, as a reassuring profit and outlook from Oracle Corp  offset nagging concerns about financial companies' exposure to bad debt.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stocks moved higher late in the session on Thursday after Procter &amp; Gamble (NYSE: PG) released a positive forecast for sales and profits.
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Stocks advanced in a broad-based rally  on Friday, the first day of a new quarter, as software company  PeopleSoft Inc. and chip-related stocks drove the tech-heavy  Nasdaq to its highest level in more than two months.
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US stocks rallied on Monday after software maker PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) accepted rival Oracle Corp.&#39;s (ORCL.