Business News / Business

Larry Ellison steps aside as Oracle CEO

REDWOOD CITY, Calif. -- In a stunning change for one of Silicon Valley's most legendary corporations, Larry Ellison, who for 37 years steered Oracle to become one of the world's biggest and well known technology companies, is giving up his ...

Alibaba sets stock price at $68 on eve of IPO

Alibaba Group Holding Ltd. set its stock price at $68 a share -- the top of its range -- on the eve of its initial public offering, meaning that it is set to raise more than $25 billion and that the company's overall value is higher than Amazon....

McDonald's raises dividend by 5 percent

McDonald's Corp. on Thursday announced a 5 percent increase in its quarterly dividend, raising the payout by the same rate that it did last year.

The world's largest restaurant company said its board declared a quarterly cash dividend of 85 cents...