After leaving Silicon Valley for Austin in 2020, computer software company Oracle is planning to move its headquarters further east again to Nashville its chairman said Tuesday. Larry Ellison, who is also Oracle’s co-founder and chief technology officer, said the company is moving a “huge campus” to the city, “which will ultimately be our world headquarters,” CNBC reports. Ellison said Nashville is a “fabulous place to live” and is also “the center of the industry we’re most concerned about,...
Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
Shares of consumer goods giant Procter & Gamble (P&G) slipped during Friday morning trading, after price hikes on certain products kept the company from reaching revenue expectations in its fiscal third quarter. Procter & Gamble stock fell about 1% following the company’s most recent quarterly earnings report. The company hiked prices by an average of 3% in the third quarter, resulting in mixed results for different product categories. P&G’s biggest earner — baby, feminine and family care...