On Wednesday, Shares of Oracle Corporation (NYSE:ORCL), lost -1.22% to $41.20.
Oracle Corporation, is committed to helping companies throughout Latin America embrace cloud computing to reduce IT complexities and boost productivity. As part of this effort, Oracle plans to open its new data center in Campinas, São Paulo in August of this year.
This state-of-the-art facility also supports growing demand for Oracle’s comprehensive cloud portfolio and was designed to help customers embrace Oracle Cloud Software as a Service (SaaS) offerings. Oracle Cloud SaaS applications are best-of-breed and integrated with social, mobile, and analytic capabilities to help companies deliver the experiences customers expect, the talent to succeed, and the performance the market demands.
Each day, Oracle Cloud supports more than 33 billion transactions and this latest data center in Latin America brings Oracle’s computing footprint to 19 data centers worldwide. Having a data center in Brazil allows Oracle to better manage the service level objectives and data governance for customers throughout Latin America. The system environment at the data center in Brazil was built using Oracle Engineered Systems to give customers high performance, and stable and secure cloud services.
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. It provides software and hardware systems, and related services to manage their cloud-based or on-premise IT environments, in addition to deploy cloud software-as-a-service, platform-as-a-service, and infrastructure-as-a-service.
Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB), declined -0.44% to $11.23, during its last trading session.
Grupo BTG Pactual SA and Bank of America Merrill Lynch are vying for the last slot in a group of investment banks handling the initial public offering of IRB Brasil RE SA, Brazil’s top reinsurer, three sources with direct knowledge of the deal said on Wednesday, according to Reuters.
The board of Rio de Janeiro-based IRB Brasil could decide on the fifth underwriter for the IPO as early as Friday, said the first source, who requested anonymity because the process is private. The company and shareholders expect the offering to raise up to 3 billion reais ($971 million) and be priced around October, Reuters added.
A shortlist of underwriters comprise Banco do Brasil SA , Itaú Unibanco Holding SA and Banco Bradesco SA, with JPMorgan Chase & Co as global coordinator, the sources said. BTG Pactual was Brazil’s top equity underwriter last year, while BofA Merrill Lynch has compriseently ranked among Brazil’s top-five equity advisors in recent years, Thomson Reuters and Anbima data showed. Reuters Reports.
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments.
Finally, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with -2.52% loss, and closed at $12.36.
Cypress Semiconductor Corporation, further sweetened its offer to buy Integrated Silicon Solution Inc to $22.60 per share, according to Reuters.
The latest offer would will be its best and final for ISSI, Cypress said in a statement late on Wednesday.
Cypress’s previous bid, which was made on June 22, was for $22.25 per share.
Chinese consortium Uphill Investment Co raised its offer to buy Integrated Silicon to $23 per share on June 23. Reuters Reports.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The companys Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
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