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Larry Ellison to step down as CEO of Oracle

Larry Ellison to step down as CEO of Oracle

SAN FRANCISCO, Sept. 18 (UPI) --Larry Ellison announced Thursday he will step down as CEO of Oracle Corp. after being in the top spot for 37 years.
Aileen Graef
Oracle to acquire Micros Systems for $5.3 billion

Oracle to acquire Micros Systems for $5.3 billion

REDWOOD CITY, Calif., June 23 (UPI) --Oracle announced Monday morning that it plans to acquire Micros Systems, a maker of software for hospitality and restaurant clients, for $5.3 billion in cash.
Ananth Baliga

UPI NewsTrack Business

U.S. jobs report hurts stocks ... HP chairman gives up top post ... Automaker Fisker lays off most workers ... Women-owned businesses on the rise ... News from United Press International.
HP chairman gives up top post

HP chairman gives up top post

PALO ALTO, Calif., April 5 (UPI) -- U.S. technology giant Hewlett-Packard said board Chairman Raymond Lane would resign as chairman, but continue as a board member.

HP jolted by $8.8 billion fraud

NEW YORK, Nov. 20 (UPI) -- U.S. technology giant Hewlett-Packard said Tuesday a $10 billion purchase in 2011 would result in an $8.8 billion write-off due to accounting fraud.

Oracle and HP clash over contract

SAN JOSE, Calif., June 16 (UPI) -- U.S. technology companies Hewlett-Packard and Oracle are headed back to the courtroom with HP claiming Oracle has broken a contract, court papers say.

HP to investigate Hurd resignation

SAN JOSE, Calif., Jan. 20 (UPI) -- Hewlett-Packard Co. plans to probe circumstances of the resignation of former chief Mark Hurd and his golden parachute, a U.S. District Court filing indicated.

SEC probe makes sense, says Hurd spokesman

PALO ALTO, Calif., Dec. 21 (UPI) -- A spokesman for Mark Hurd, said U.S. regulators were right to look into the executives' departure from Hewlett-Packard, but said he had done nothing wrong.

Hurd joins Oracle

SAN FRANCISCO, Sept. 6 (UPI) -- Former Hewlett-Packard chief executive Mark Hurd has been hired as co-president at Oracle, the San Francisco-area software firm said Monday.

3Par shares jump in bidding war

NEW YORK, Aug. 23 (UPI) -- U.S. computer giant Hewlett-Packard jumped forcefully into the bidding game for data storage firm 3Par Inc., offering $1.5 billion for the firm.

Settlement played role in HP Hurd's ouster

PALO ALTO, Calif., Aug. 16 (UPI) -- The Hewlett-Packard Co.'s chief executive's sudden settlement of a sexual harassment claim played a role in his ouster, The Wall Street Journal reported.

HP head resigns after harassment inquiry

PALO ALTO, Calif., Aug. 6 (UPI) -- Hewlett-Packard Chairman Mark Hurd resigned Friday, acknowledging he "did not live up to the standards and principles I have espoused."

HP's top lawyer quits, CEO before Congress

PALO ALTO, Calif., Sept. 28 (UPI) -- Hewlett Packard Co.'s top lawyer, Ann Baskins, resigned Thursday, the day the company's head testified before a U.S. congressional panel on a spying scandal.

HP splits printer, PC units

PALO ALTO, Calif., June 14 (UPI) -- California's Hewlett-Packard Co. has separated its personal computer and printer units just five months after combining them.

Hewlett-Packard picks Hurd as new CEO

PALO ALTO, Calif., March 29 (UPI) -- Hewlett-Packard Co. of Palo Alto, Calif., has picked NCR Corp. Chief Executive Mark Hurd as its next chief executive, the Wall Street Journal said.
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