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U.S. Morning Call: Oracle heads to Big Board, but sales miss

Friday, June 21, 2013 - 03:52

Jun 21 - Oracle announced it's switching exchanges from the Nasdaq to NYSE, but also reported weak software sales and subscriptions for the second straight quarter.

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So -- After one of the course market drops in recent memory investors slowly crawling back but to what. Safe haven bonds no relief there yield on the ten years still around 2.4 percent. Stocks yeah futures are up but not by much the F and home builders' trash stopped rising interest rates consumer staples depressed than spending -- Even if that is divided with one key members saying it's spoke too soon on tapering. Well Marc. Stein. China a big worry with the credit crisis looming emerging market being down. Some commentators see a buying opportunity. Others see a pause before the next fall. Thursday's carnage was heaviest day of trading for a year and 94% of the stocks on the New York Stock Exchange closed lower. All ten S&P industry sectors fell dramatically. -- its stock traded on the NASDAQ also suffered losses at the end of the day. Gold still heading for its biggest weekly drop in two years. So the tapered talk ain't good for gold but for the dollar is partly seen as a rally coming in the second half -- 2013. Larry Ellis is taking his -- to the big board maybe just to make everyone forget about oracle dismal quarter. Huge win for New York Stock Exchange oracle becomes the biggest company jumped the big board from the NASDAQ. But the announcement came and earnings statement from -- that also included bad news on software sales and subscriptions. Performance on a poor global economy. Shares dropped after at least now trading 8% lower in premarket. Darden Restaurants reporting better than expected quarterly sales aggressive advertising for olive garden and red lobster boosting profits. -- also said it would increase its quarterly dividend by 10% to 55 cents per share. And keep and I apple shares there up in the premarket after the company -- patently over Samsung in Tokyo. Focus on the scrolling bounce back feature on its bounds. This does Charlie -- getting pummeled from all sides -- just below. Sprint is upping it's bid for the rest of Clearwire to five dollars a share topping issues four dollars and forty cents. This marks the third time sprint race it's been since December so the take away Clearwire keep pushing back in -- in on the deal maybe it'll keep getting higher -- This week urging retreated from his bold move to buy sprint. Softbank Masayoshi Son competent that Japanese giant should lock ups and by the end of July. Scientists at his firm could -- two billion dollars a year in savings from spring if the deal goes through. He is dead. Nineteen local stations owned by group of local TV are going up for auction today and price tag and exactly small. The Wall Street Journal reports the station based in various states are expected to pick between 22 and a half billion dollars. Making this the biggest series of recent TV deals should be next start broadcasting instinct that group are likely to be among -- -- Local TV is a unit of PE firm Oak Hill capital partners the company was formed in 2006. When 19 stations from the new York times company and later acquired eight fox affiliate. That's it for your Friday morning call remembered follow us on Twitter -- players inside there and get more -- dot slash. And it's hard -- it's.

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U.S. Morning Call: Oracle heads to Big Board, but sales miss

Friday, June 21, 2013 - 03:52