Author: InvestAdvocate

Spill: BP raises cost to $40bn, profits beat forecast

By Agency reporter Wednesday, 3 Nov 2010 LONDON: British Petroleum lifted its estimate of the likely cost of its Gulf of Mexico oil spill to $40bn on Tuesday, denting profits, but its underlying performance beat all expectations on higher refining margins and a lower tax rate. BP, the world‘s biggest non-government […]

Oracle to buy retail software company ATG

By Agency reporter Wednesday, 3 Nov 2010 NEW YORK: Oracle Corporation said on Tuesday it would buy Art Technology Group Incorporation for $1bn, to bolster its e-commerce software applications. Oracle‘s $6-per-share bid represents a 46 per cent premium over ATG‘s close of $4.10 on Nasdaq. ATG shares were trading at $5.99 […]

Dell plans cloud computing acquisition

By Agency reporter Wednesday, 3 Nov 2010 HONG KONG: Dell Incorporated, the world‘s number two PC maker, will announce an acquisition related to cloud computing on Tuesday, its chief executive said, while ramping up its tablet PC line to compete with rivals such as Apple. Speaking at an event in Hong […]