Oracle net rises first time since '01
New York: Oracle, the world's No. 2 software maker, reported year-on-year quarterly profit growth for the first time since late in ‘01, but its stock sank 6% in after-hours trade as key software sales fell short.
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Turner plans to stay on AOL board
California: Media mogul Ted Turner indicated he would consider staying on AOL Time Warner’s board after he resigns as the media company’s vice chairman in May.
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P&G to acquire Wella for $7bn, plans open offer
New York: Procter & Gamble (P&G) said on Tuesday that it would take control of German hair care firm Wella in a 6.5bn euro ($7.02bn) deal, giving the US consumer goods giant a boost against French arch-rival L'Oreal.
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Novartis to ink deal for buying out top Pfizer drug for $225m
New York: Novartis will pay up to $225m to buy an experimental bladder control drug from US giant Pfizer in what analysts described on Tuesday as a steal for the Swiss healthcare group.
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Fed may keep interest rates steady as war looms large
New York: With a US war in Iraq likely days away, US Federal Reserve policymakers were widely expected to preserve their dwindling economic ammunition on Tuesday by holding US interest rates at four-decade lows.
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