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(Bloomberg) — Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62.Larry Ellison, Oracle’s chairman, confirmed his passing in an online post.“It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning,” Ellison wrote. “Mark was my close and irreplaceable friend, and trusted colleague. Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle.”Hurd was co-CEO at Oracle with Safra Catz. He focused …read more […]

Coca-Cola focusing more on drinks beyond its trademark full-calories soda. And investors generally like the move. …read more […]

The recent weakening of Brazil’s real against the dollar has not spurred inflation, Brazilian central bank governor Roberto Campos Neto said on Friday, adding that there was room for a cut in the country’s benchmark Selic interest rate. At a news conference in Washington, where he attended events at the International Monetary Fund (IMF) annual meetings, Campos Neto noted Brazil has a floating exchange rate and that the bank only intervenes in currency markets when there is a liquidity gap in the market. Brazil’s central bank cut its benchmark interest rate to a new record low of 5.50% …read more […]

Mark Hurd, Oracle’s Co-CEO, has died. Yahoo Finance’s Julie Hyman, Adam Shapiro, Pras Subramanian and Heidi talk about his legacy with former journalist and current strategist Cory Johnson. …read more […]

Wall Street edged lower on Friday, set to end a strong week on a downbeat note, as heavyweight Johnson & Johnson slipped and worries over global economic growth were rekindled by gloomy data out of China. The world’s second-largest economy expanded at its weakest pace in almost 30 years in the third quarter amid a bitter trade war with the United States, which has roiled financial markets and fueled fears of a global recession. …read more […]

Mark Hurd, Oracle’s Co-CEO, has died. Yahoo Finance’s Julie Hyman, Adam Shapiro and Dan Howley talk about his legacy. …read more […]

LA CAÑADA DE URDANETA, Venezuela (Reuters) – With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese. To feed himself and his wife as the once-prosperous OPEC nation suffers a hyperinflationary economic collapse, Brito depends on a monthly basket of rice, canned tuna, beans and other products valued at $200 given to him by California-based Chevron Corp, PDVSA’s minority partner at the Petroboscan field in western Zulia state where he works. …read more […]

Beneath the turmoil in Washington, recession fears are easing. …read more […]

(Bloomberg) — SoftBank Vision Fund partner David Thevenon has resigned to pursue other opportunities, according to people familiar with the matter.Thevenon, who is based in London, will leave after a phased transition for his portfolio companies, said one of the people, who requested anonymity because the matter is private. The Vision Fund has not yet decided which executives will assume oversight of Thevenon’s portfolio companies, which include Chinese ride-hailing giant Didi Chuxing, Southeast Asian ride-hailing company Grab Holdings Inc. and small-business lending platform Kabbage Inc. A representative for the Vision Fund declined to comment and Thevenon didn’t respond to a …read more […]