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Trump Signs Order on Deal to Keep TikTok Going in US

Oracle and Silver Lake to lead new US-based entity once agreement is complete

(Newser) - President Trump on Thursday signed an executive order clearing a path for TikTok to continue operating in the US. The order follows months of uncertainty after a 2024 law required ByteDance, TikTok's Chinese parent, to divest from the app or face a US ban. Trump's order decrees...

TikTok Deal Will See Oracle Oversee Algorithm

Company would also have a big stake in new US-based entity

(Newser) - The ongoing tug-of-war over TikTok's fate in the US appears to be nearing a resolution, and users shouldn't need to swap apps anytime soon. After months of back-and-forth between the Trump administration and China, a preliminary agreement has emerged that will involve Oracle overseeing TikTok's algorithm,...

The World Has a New Richest Guy
The World Has
a New Richest Guy
Sep 10, 2025 11:35 AM CDT

The World Has a New Richest Guy

Sorry, Elon, Larry Ellison is now on top as Oracle's stock surges

(Newser) - Well, it happened: The world's richest man has been toppled . As CNBC reports, Larry Ellison's personal wealth soared an unprecedented $110 billion in a single morning as Oracle's stock price flew through the roof on Wednesday, making him the billionaire with the most-est for the first time....

US Stocks Push Further Into Record Territory
US Stocks Push Further
Into Record Territory
MARKETS
Jun 30, 2025 3:45 PM CDT

US Stocks Push Further Into Record Territory

It's a second straight winning month, with the S&P 500, Nasdaq, Dow Jones all logging gains

(Newser) - The US stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% on Monday in its first trading, after completing a stunning rebound from its springtime sell-off of roughly 20%, per the AP . The Dow Jones Industrial...

Pentagon Splits Up Disputed Cloud Contract

Amazon, Google, Microsoft, and Oracle will each have a piece of potential $9B deal

(Newser) - The Pentagon announced Wednesday that it has resolved the long-running battle among tech giants for its cloud computing contract by giving everybody a piece of the pie. Google, Oracle, Microsoft, and Amazon each won part of the deal that could total $9 billion by the time the Joint Warfighting Cloud...

Tech Bigwig Was on Call on How to Contest Trump's Loss

Sean Hannity, Lindsey Graham also said to be on call with ex-Oracle CEO Larry Ellison

(Newser) - Larry Ellison recently popped up on Forbes' "10 Richest People in the World" list, but that's not why he's making headlines this week. The Washington Post is reporting on a "previously unknown dimension" of the efforts to contest former President Trump's loss in the 2020...

Supreme Court Backs Google in Landmark Copyright Case

Justices say company doesn't owe Oracle over use of its code

(Newser) - The Supreme Court sided with Google in an $8 billion copyright dispute with Oracle on Monday. The case has to do with Google's creation of the Android operating system, now used on the vast majority of smartphones worldwide, per the AP . To create Android, which was released in 2007,...

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. “...

Microsoft: The TikTok Deal Is Dead in the Water
TikTok Has a Buyer
at the 11th Hour: Report
updated
Sep 14, 2020 12:03 AM CDT

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'...

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...

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...

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...

Google Engineer Takes Leave to Help HealthCare.gov

Site reliability engineer Michael Dickerson among those recruited

(Newser) - The "tech surge" to fix HealthCare.gov 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...

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...

Top CEOs Scored 16% Pay Rise Last Year: Study
 Top CEOs Scored 16% 
 Pay Rise Last Year 
STUDY SAYS
Jun 30, 2013 3:53 PM CDT

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...

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;...

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...

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...

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...

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...

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