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Oracle said today that it will spend more than $9 billion to buy “the very first cloud company.” NetSuite, led by a former Oracle marketing executive, says it has been working on cloud technologies for 18 years. NetSuite reported $741 million in revenue...

After struggling to capture the interest of new clients with its corporate softwares, Oracle Corp. is now looking to bolster its cloud-service with its newest acquisition. The American tech giant has agreed to acquire the very-first cloud service provider...

Oracle is trying to add some rocket fuel in the high-stakes race to dominate cloud services — and it’s doing so with a very familiar partner. The software giant will pay $9.3 billion in cash to acquire NetSuite (N), a cloud computing company co-founded...

Oracle paid US$9.3 billion in cash to buy Netsuite a cloud ERP company. The move will help bring the database giant up-to-speed in the market for cloud business apps. It needed a boost. Oracle has dismissed cloud computing in the past and has been slow...

“#IBTWTF” — A trending hashtag on Twitter yesterday morning, as fired workers for IBT Media (which operates International Business Times and Newsweek) lambasted the company after not receiving severance packages. #Yikes. MARKET SNAPSHOT Big Picture...