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- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
- Ronnie Biggs of ‘Great Train Robbery’ fame dies, 84
- Pope Francis wins another ‘Person of the Year’ — from gay rights magazine
- Rep. Steve Stockman: Give my campaign $10, and you’ll get an Obama barf bag
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Oracle 2Q earnings rise 18 pct as tech spending up
SAN FRANCISCO (AP) - Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.
The results announced Tuesday are an improvement from Oracle’s previous quarter, when the company’s revenue dipped slightly from a year earlier.
The latest quarter spanned September through November. That makes Oracle the first technology bellwether to provide insights into corporate spending since the Nov. 6 re-election of President Obama and negotiations to avoid the so-called fiscal cliff began to heat up.
Oracle Corp. earned $2.6 billion, or 53 cents per share, in its fiscal second quarter. That compares with net income of $2.2 billion, or 43 cents per share, last year.
Revenue increased 3 percent to $9.1 billion.
Oracle is based in Redwood Shores, Calif.
By John R. Bolton
The president fiddles at his domestic altar while the world burns
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- BOLTON: Nero in the White House
- White House is obstructing probe on Navy Yard shooter, NSA leaker, Darrell Issa says
- We told you so: Conservatives foresaw polygamy ruling
- Colorado revolt: 55 of 62 sheriffs refuse to enforce new gun laws
- Senators in rush to pass budget vow to undo cut to military retirement pay
- Embassy Row: India strikes back over diplomat's arrest
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