On Monday, Shares of Oracle Corporation (NYSE:ORCL), lost -0.87% to $38.82.
The tab for the state of Oregon’s fight with Oracle America over who’s to blame for the demise of the Cover Oregon website has reached more than $6 million, according to Business Journals.
The state had actual expenditures of $4.4 million during the 2013-15 biennium related to the two Cover Oregon-related lawsuits and the U.S. Congressional investigation, according to the Legislative Fiscal Office, which was offered the information from the Department of Justice.
For the 2015-17 biennium to date, the state spent $1.9 million, for a total of $6.3 million. Business Journals Reports
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide. The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval, and manipulation of various forms of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, in addition to automate their business processes. It offers a range of software for mobile computing to address the development needs of businesses; and Java, a software development language. Its hardware systems products comprise Oracle Engineered Systems, servers, storage, networking, industry specific hardware, virtualization software, operating systems, administration software, and related hardware services. The company also provides a range of services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. In addition, it provides customers with rights to software product upgrades and maintenance releases, patches released, and Internet access to technical content, in addition to Internet and telephone access to technical support personnel. Further, the company offers consulting services, such as IT strategy alignment, enterprise architecture planning and design, initial product implementation and integration, and ongoing product enhancement and upgrade; customer support services; and education services. Oracle Corporation was founded in 1977 and is headquartered in Redwood City, California.
Shares of Nokia Corporation (NYSE:NOK), declined -0.40% to $7.38, during its last trading session.
Nokia Corporation - Following the completion of the sale of HERE to a consortium of leading automotive companies, Sean Fernback is no longer a member of the Nokia Group Leadership Team, effective December 5, 2015. The current members of the Nokia Group Leadership Team are: Rajeev Suri, President and Chief Executive Officer; Timo Ihamuotila, Executive Vice President and Chief Financial Officer; Samih Elhage, Executive Vice President and Chief Financial and Operating Officer of Nokia Networks; and Ramzi Haidamus, President, Nokia Technologies.
As declared on October 7, Nokia intends to implement changes to its leadership and organizational structure after and subject to the successful closing of the public exchange offer for Alcatel-Lucent securities. The planned transaction is predictable to close in the first quarter of 2016.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.