Larry Ellison Scores $482 Million Gain by Cashing in Expiring Options
Larry Ellison, the world’s fourth-richest person, exercised expiring options and sold $640 million of Oracle Corp. shares this week after the company’s stock surged to a record.
Larry Ellison, the world’s fourth-richest person, exercised expiring options and sold $640 million of Oracle Corp. shares this week after the company’s stock surged to a record.
Investors fled into the safety of bonds and stocks fell, as a lurch toward higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession.
There are early signs of investors fleeing from tech stocks after 1999-like rally formed a “baby bubble,” according to Bank of America Corp.’s Michael Hartnett.
JPMorgan Chase & Co. expanded one of the most high-profile projects to bring blockchain technology to traditional banking, introducing euro-denominated payments for corporate clients using its JPM Coin.
When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
Only a year ago Stark Corp. looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly $2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
The balance of power in the jobs market is slowly tilting back toward employers as companies become choosier with their hires and workers turn more cautious about quitting.
Kingdom’s Savvy Games Group wants to develop game titles locally
PPF Group NV is seeking out acquisitions in Europe as the investment company controlled by the Czech billionaire Kellner family expects asset prices to come under more pressure amid rising interest rates.