Business


Old Mutual Customised Solutions (proprietary) Ltd Lowers stake in Oracle Corporation (ORCL)

Vetr raised shares of Oracle Corp. from a "buy" rating to a "strong-buy" rating and set a $46.33 price target on the stock in a report on Tuesday, September 6th. The shares were sold at an average price of $39.61, for a total value of $636,334.65. The number of shares now owned by investors are 4.1 bln. Also, EVP Dorian Daley sold 16,065 shares of the business's stock in a transaction dated Thursday, September 22nd.



Daily fantasy sports operators DraftKings, FanDuel to merge

FanDuel and DraftKings make up 80 to 90 percent of the daily fantasy sports market. It was one of the worst kept secrets in the sports and gaming worlds, but daily fantasy sports (DFS) rivals DraftKings and FanDuel announced Friday that they have agreed to merge into a single company.


Wedbush Indicates Potential -15.34% Decrease In Shares Of The Gap Inc

Wedbush Indicates Potential -15.34% Decrease In Shares Of The Gap Inc

Global Positioning System returned to its old trend of posting in-line earnings in third-quarter fiscal 2016. Gap shares fell after the San Francisco company reported weak earnings. The effective tax rate was 45.2 percent for the third quarter of fiscal year 2016. The company designs virtually all of its products, which in turn are manufactured by independent sources, and sells them under its brand names.


Oil Gains 5% On The Week On OPEC Hopes

Oil Gains 5% On The Week On OPEC Hopes

Saudi Arabia's energy minister has said it is imperative OPEC reach a consensus on a deal to curb production, Algeria's state news agency APS said on Sunday. Currently, West Texas Intermediate is up 1.18%, trading at $46.11 per barrel, while Brent crude is up 1.09% trading at $47.14 per barrel. Crude inventories in the United States rose by 5.3 million barrels in the week to November 11, compared with expectations for an increase of 1.5 million barrels.


California unemployment rate unchanged at 5.5 percent

California unemployment rate unchanged at 5.5 percent

The state's labor force grew to 3.67 million in October, an increase of 22,900 people from the previous month. The unemployment rate can fall if more people find jobs, or if people drop out of the labor force - for whatever reason.


AOL lays off 500 employees in regrowth strategy

AOL lays off 500 employees in regrowth strategy

AOL added 1,500 positions this year from its acquisition of Millennial Media and a partnership agreement to take over Microsoft's display, mobile, and video ad sales business. "We are not going to jump off a cliff blindly, but strategically the deal still does make sense to us", Verizon executive vice president Marni Walden said at a technology conference in California.