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Trump: 'I Have Given the Deal My Blessing'

President says he's good with TikTok/Oracle/Walmart deal

(Newser) - President Trump said Saturday he's given his “blessing” to a proposed deal that would see the popular video-sharing app TikTok partner with Oracle and Walmart and form a US company. Trump said if completed the deal would create a new company likely to be based in Texas. “... More »

TikTok Has a Buyer at the 11th Hour: Report

Microsoft's bid for the app's US operations was rejected

(Newser) - Looks like TikTok is selling its US operations to Oracle, a Silicon Valley firm, only a week before President Trump threatened to ban the app if no deal materialized. At least that's what insiders tell the Wall Street Journal . But no details have emerged about the Chinese video-sharing app'... More »

Feds Accuse Oracle of Paying White Men More

And of favoring Asians for tech roles: DOL lawsuit

(Newser) - Oracle provides contracting services for the feds via its cloud computing software, resulting in "hundreds of millions" of dollars in government contracts, per a Labor Department release. That means the tech company has to adhere to federal nondiscriminatory hiring practices, which a DOL lawsuit announced Wednesday says has not... More »

Google Slipped Apple $1B to Show Search Bar

Both companies freaked out that figure paid for iPhone display was disclosed

(Newser) - An Oracle copyright lawsuit against Google offered up a coveted nugget about Google and another big company. Rumors have circulated for some time about how much Google pays Apple to keep its search engine bar as the default on the iPhone, and a transcript from the Oracle court proceedings now... More »

Silicon Valley Milestone: Oracle CEO Larry Ellison Steps Down

But he'll stay with company he founded as chairman

(Newser) - Larry Ellison is stepping aside as CEO of Oracle, the business software maker he founded in 1977. But he's not going far: Ellison will reclaim the title of chairman and is also taking the role of chief technology officer. Oracle says Ellison wants to focus on product engineering, technology... More »

Google Engineer Takes Leave to Help

Site reliability engineer Michael Dickerson among those recruited

(Newser) - The "tech surge" to fix includes some names from the industry's biggest players. Among them, per a Health department blog post , is Michael Dickerson, on leave from his job as a site reliability engineer at Google. He'll be "leveraging his experience stabilizing large, high... More »

Oracle's Ellison: Apple Is Lost Without Steve Jobs

Outspoken tech leader thinks company is in trouble

(Newser) - One bigwig in the tech industry is making headlines this morning for dissing another. Oracle CEO didn't mention Apple's Tim Cook, but he made clear in an interview with CBS that he thinks Apple will flounder without Steve Jobs. Asked by Charlie Rose about the post-Jobs era, Ellison... More »

Top CEOs Scored 16% Pay Rise Last Year

Top salary of the year? $96.2M

(Newser) - So much for reining in CEO salaries. New research has found that the top 200 CEOs of public companies with at least $1 billion in revenue had an average pay package of $15.1 million last year—a pay-raise of approximately 16% from 2011, the New York Times reports. The... More »

PA Workers Could Soon Pay Taxes ... to Employers

Proposed law is meant to lure big companies

(Newser) - A new Pennsylvania law—which has already passed the state House and Senate, but has not yet been signed by the governor—would force some employees to pay taxes to their employers, Philadelphia's citypaper reports. The law is a tax incentive attempting to lure software company Oracle to Pennsylvania;... More »

Judge to Google, Oracle: Name Journos You're Paying

One analyst calls order 'uncharted territory'

(Newser) - The jury gave its verdict nearly three months ago in the Oracle-Google copyright and patent case, but today the judge ordered both companies to 'fess up and list all the bloggers, journalists, and other commentators on their payrolls, reports Reuters . The judge did not say much, aside from that... More »

Tech Billionaire Buys Most of Hawaiian Island

Larry Ellison buys sixth-largest island for undisclosed sum

(Newser) - Oracle CEO Larry Ellison has picked up a sweet vacation spot: 98% of the Hawaiian island of Lanai. It's not clear what he paid for the 141-square-mile isle, but it was offered for sale for up to $600 million by Castle & Cooke, a company owned by billionaire David... More »

Google 'Violated Copyright' But Dodges $1B-Bullet

Oracle's lawsuit stumbles in San Francisco court

(Newser) - A federal jury in San Francisco has reached an impasse on a key issue in Oracle's copyright-infringement case against Google, handing the database-software company a major setback. Oracle had been seeking up to $1 billion in damages on copyright claims after alleging that Google Inc. built its popular Android... More »

HP Sues Mark Hurd Over Trade Secrets

Execs don't want him to take job at Oracle

(Newser) - The happy little split between between Mark Hurd and Hewlett-Packard takes another turn. HP today sued its newly ousted CEO to prevent him from assuming a top job at rival Oracle. "Mark Hurd agreed to and signed agreements designed to protect HP's trade secrets and confidential information," declares... More »

Mark Hurd: He's Back, Definitely

Ex-HP CEO signs on with Oracle

(Newser) - The rumors are true —former Hewlett-Packard CEO Mark Hurd is joining Oracle as co-president, replacing Charles Phillips. Oracle CEO Larry Ellison expressed his pleasure, saying, “Mark did a brilliant job at HP and I expect he’ll do even better at Oracle,” And, of course, analysts are... More »

Mark Hurd: He's Back, Maybe

Disgraced HP chief eyes new gig at Oracle

(Newser) - You would think that ex-Hewlett-Packard CEO Mark Hurd would quietly lick his wounds and live comfortably off of his $28 million severance. But no: Hurd is rumored to be in talks with friend, admirer, and Oracle CEO Larry Ellison about taking a senior position there, reports the New York Times... More »

Meet the Best Paid Execs of the Decade

Only some of them actually made money for shareholders

(Newser) - Maybe those giant executive pay packages weren’t such great ideas after all. Of the eleven highest paid executives of the last decade, five presided over companies that lost their shareholders money, the Wall Street Journal reveals today, breaking down the numbers to reveal who the decade was most generous... More »

Apple Products Most Vulnerable To Security Threats

Oracle and Microsoft fare better in new survey

(Newser) - In a report covering the first half of 2010, security firm Secunia found Apple products are the most vulnerable to potential threats, more so than Oracle and Microsoft, which came in second and third, respectively. While vulnerability doesn't necessarily translate directly into being any more or less secure, the report... More »

Average CEO Pay Sinks to $9.5M

Larry Ellison collect s cool $84M

(Newser) - Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this... More »

How 13 Big Tech Firms Got Their Names

From the improbable to the top secret, it takes all kinds

(Newser) - The Business Insider figures you've also wanted to know how your favorite high tech concern got its name. Well, you're in luck! Here goes:
  1. SUN Microsystems: It's actually an acronym for Stanford University Network, the school where the founders met.
  2. Cisco: Actually not an acronym, as often assumed. It's just
... More »

Sun CEO Schwartz Quits —Via Tweeted Haiku

Chief exec was expected to step down after signals from Oracle CEO

(Newser) - Sun Microsystems CEO Jonathan Schwartz is going out in geeky style with a tweeted haiku resignation. Schwartz has been in the crosshairs publicly since the CEO of Oracle, which just acquired Sun, said last week that he expected Schwartz to step down, Mashable reports. “Today’s my last day... More »

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