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Oracle to buy NetSuite for $9.3 billion to gain cloud computing clout

Business software maker Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion in cash, a deal designed to help Oracle gain market share in the fast-growing cloud computing business.

Recent Technology News

Record online orders boosts GrubHub revenue, shares soar

GrubHub Inc's revenue increased more than expected in the second quarter as a record number of people used its service to order meals online, sending the company's shares surging to a new year-high.

11:51am EDT

Nestle says to collaborate with Samsung to explore nutrition science

ZURICH Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies.

11:32am EDT

New crop of robots to vie for space in the operating room

CHICAGO Even though many doctors see need for improvement, surgical robots are poised for big gains in operating rooms around the world.

Science, Health, 1:29am EDT

America Movil to reduce Telekom Austria stake

VIENNA America Movil will cut its stake in Telekom Austria by 7.8 percentage points to just over 50 percent, it said on Thursday, ahead of an end of year deadline to reduce its holding and increase the Austrian firm's free float.

12:43pm EDT

Tesla gets vote of confidence from a top investor at Fidelity

BOSTON The manager of Fidelity's OTC Portfolio, a top investor in Tesla Motors Inc and SolarCity Corp, gave the electric automaker's strategies a vote of confidence in his most recent commentary to fund shareholders.

12:22pm EDT