Oracle 2Q earnings rise 18 pct as tech spending up

Oracle 2Q earnings rise 18 pct as tech spending upOracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.The results announced Tuesday are an improvement from Oracle's previous quarter, when the company's revenue dipped slightly from a year earlier.The latest quarter spanned September through November. That makes...

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Oracle sees third-quarter profit of 64 to 68 cents per share

 Oracle Corp, the world's No. 3 software maker, said it expects to report non-GAAP earnings per share of 64 cents to 68 cents in its fiscal third quarter.Oracle forecast that third-quarter new software sales and cloud subscriptions sales will rise 3 percent to 13 percent from a year earlier.The company said its sees third-quarter hardware products sales flat to down 10 percent from a year ago.Chief...

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Oracle beats outlook, shrugs off fiscal debate

Oracle beats outlook, shrugs off fiscal debateTechnology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed...

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BofA CEO: Fed wants bank to show consistent earnings

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview.The second-largest U.S. bank is turning a profit in most of its main businesses, but it inherited costly legal problems when it acquired companies...

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Top UBS shareholder pins rebound hopes on private wealth

 UBS's wealth management business will help it bounce back from a $1.5 billion rap for rigging interest rates, one of its largest investors said, although fears of costly civil lawsuits could cast a pall over its shares for some time.Paras Anand, European equities head at Fidelity Worldwide Investment, said legal action sparked by the Libor scandal posed an unpredictable threat to the bank's...

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Manning, Peterson, Pagano: 2012 a year to remember

From Peyton Manning overcoming four neck surgeries to Adrian Peterson's rebound from a shredded knee to Chuck Pagano's fight with leukemia, this has been the Year of the Comeback in the NFL.A season besmirched by tragedies, replacement officials and a bounty scandal also will go down as one in which some of the game's greats not only regained their old form but somehow surpassed it.There are always...

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Rondo leads Celtics past Nets 93-76

 Rajon Rondo lost his cool, and any chance at history, in the second quarter when Boston last met Brooklyn.This time, the second period featured some of the best basketball the Celtics have played this season.Rondo scored 19 points in his first full game against the Nets this season, and the Celtics won 93-76 on Tuesday in another game with some heated moments between the division rivals.Rondo,...

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