On Tuesday, Shares of Oracle Corporation (NYSE:ORCL), lost -1.69% to $35.47.
Oracle Corp Chief Executive Larry Ellison introduces the Oracle Database In-Memory during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014. Ellison on Tuesday launched the
We’re still trying to discover details on Oracle’s purchase of New York marketing-tech company Maxymiser earlier this week. (Business Insider)
Sadly, we do not have a number to share, but a source close to the company did tell us that Oracle paid a decent price for the company, telling us, “Generally the news is very positive for all stake holders.”
Oracle isn’t necessarily a cheapskate when it comes to acquisitions, particularly for its up-and-coming marketing cloud. It bought Eloqua for $810 million, Responsys for $1.5 billion, and it statedly bought Datalogix for $1.2 billion late last year, though it didn’t disclose that big price tag. We’ve also been told it bought Big Machines for about $400 million.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Shares of Baidu Inc (ADR) (NASDAQ:BIDU), declined -2.90% to $136.99, during its last trading session, as China-based U.S. traded stocks rise together with global markets after China cut its interest rates in an attempt to rally its weakening economy.
Based in Beijing, Baidu is a Chinese language Internet search provider.
China’s central bank cut its benchmark interest rate and deposit rates by 0.25 of a percentage point, The New York Times reports. The company also reduced the reserve requirement for the amount of cash a bank is required to hold in reserve by 0.5 of a percentage point.
This was China’s fifth interest rate cut since November and the fourth time it lowered the reserve ratio since February.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Finally, RPM International Inc (NYSE:RPM), ended its last trade with -2.04% loss, and closed at $41.74.
RPM International Inc. (RPM) said that a new director nominee, Jenniffer D. Deckard, is comprised of in the company’s proxy statement for her election at its annual stockholders’ meeting on October 8, 2015. Ms. Deckard is president and chief executive officer of Fairmount Santrol, a Chesterland, Ohio-based provider of high performance sand and sand-based products.
Fairmount Santrol (FMSA) had $1.36 billion in sales and $170.4 million in net income for its preceding fiscal year ended December 31, 2014. Ms. Deckard joined Fairmount Santrol (then known as Fairmount Minerals) in 1994 and shortly thereafter was named chief financial officer, where she focused on the company’s capital structure, lender relationships, appreciative culture and employee engagement. She was promoted to president in January 2011 and became chief executive officer in 2013.
“We are delighted to have attracted the interest of Jenniffer Deckard as an RPM director. While she presently leads a large New York Stock Exchange company, for most of her career, Fairmount Santrol was a privately held business. Her experience in both the private and public company worlds makes her ideally suited for advising a company like RPM, which, while publicly traded, seeks entrepreneurial private companies in our acquisition program,” stated Frank C. Sullivan, RPM chairman and chief executive officer. Ms. Deckard would serve on RPM’s governance and nominating committee.
RPM International Inc. manufactures, markets, and sells specialty chemical products for industrial and consumer markets in the United States and internationally. The companys Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; polymer flooring systems; commercial and decorative flooring; and industrial and commercial tile systems, in addition to provides various solutions.
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