That means they are raising it. 8 billion, making the biggest ipo in american history. The apple ceo takes shots at Companies Like facebook and twitter. He says that apple does not scan your emails and believes in telling customers upfront what will happen to their personal information. First, the lead story of the day. Billionaire Larry Ellison is stepping down as ceo of Software Giant oracle and will become a chairman and chief technology officer. He is the worlds seventh richest person, and has been the only ceo in oracle history. The company in 1977, growing into a world leader in Database Software with a market cap of more than 185 billion. Twong over for him are trusted deputies who will become coceos. They stress continuity. They deserve recognition, they deserve the ceo title, and i am happy that our Management Team continues forward as a team. Oracle shares are trading down at afterhours. Corey and is bill, san francisco, and the cofounder of a sun microsystems, which was sold
Results. Shares of Alcatel Lucent soar. We are seeing the beginning of our plan, which is a threeyear journey, which means that we will need still a few additional quarters to really turn around the the c he o tells cnbc the ecbs health check will help the industry. It will give consumers confidence. And the good news, facebooks revenue surges. The bad news, a key group of users, teenagers, arent longing in as much as they used to. Well talk to the cfo about the trend in 20 minutes. All right. A warm welcome to you. If youve just joined us here on Worldwide Exchange stateside, welcome to the start of your Global Market day. We are doing two things, basically. Reacting to corporate earnings and, of course, post the fed the balance of risk on that just changes to potentially a december pace. They look to the Government Shutdown and they delve into the weaker economic data. The ftse mib is up about 24 points. The cac 40 is currently down 11 points at the moment. The xetra dax is down 0. 2
Biggest ipo in american history. The apple ceo takes shots at Companies Like facebook and twitter. He says that apple does not scan your emails and believes in telling customers upfront what will happen to their personal information. First, the lead story of the day. Billionaire Larry Ellison is stepping down as ceo of Software Giant oracle and will become a chairman and chief technology officer. He is the worlds seventh richest person, and has been the only ceo in oracle history. He cofounded the company in 1977, growing into a world leader in Database Software with a market cap of more than 185 billion. Taking over for him are two trusted deputies who will become coceos. They stress continuity. They deserve recognition, they deserve the ceo title, and i am happy that our Management Team continues forward as a team. Oracle shares are trading down at afterhours. Joining me is bill, corey and san francisco, and the cofounder of a sun microsystems, which was sold to oracle years ago. Tha
There. But you really do see some opportunities. I really do. Its interesting, we talk about the jobs report, 158, good or bad. We talk about gdp, minus one, plus one. All that is a power point. Our economy is sluggish today, and theres no reason for it. We have a wonderful country. We have great resources, we still have a free world, the opportunity to move forward. Heres my message to the leadership in washington, get in the game. Thank you. Join us on monday. Have a great weekend. Squawk on the street starts right now. We have breaking news on this jobs friday. Welcome to squawk on the street. Im melissa lee, with Carl Quintanilla and david faber. Were closing in on 14,000. A leg higher in futures just moments ago. The dow looking at 112 points at the open. The s p 500 looking at about 11 at the open. Of course, this is after the best month for january, since january of 1987. As for the picture over in europe, taking the lead from here in the United States in terms of gains, we do s
Interesting. Okay. You tied it in to dell and jpmorgan and everything else. Excellent. Larry, thank you. My pleasure. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. Stocks had a pretty nice day yesterday. The s p closed at fiveyear highs. We are looking to the down decide this morning. The dow looking to lose about 62 at the open. The picture in europe, a couple of downgrades for gdp forecasts from both the German Government and world bank. Italy is down by 1. 5 . Road map this morning starts off with the banks and earnings. Jpmorgan higher. Goldman sachs at 18month highs. Japan airlines grounding their entire dreamliner fleet. Dell shares falling this morning after david faber reports that a deal could be announced within two weeks, but at a price of 13. 50 or 14 a share, hes got the details. Rising food costs taking a