Oracle blamed the strong dollar as it delivered earnings and revenue that fell short of estimates. The board did declare a dividend of 15 cents a share. Still, the stock dropped by as much at seven percent after the close. Before the bell, the stock was a fraction higher at $44.91.
An executive shake-up announced at Microsoft today. CEO Satya Nadella said four senior executives, including Stephen Elop, the former chief executive of Nokia will leave the company. Nadella says the departures were related to his decision to organize the company’s engineering efforts into three groups. Shares rose a fraction to $45.97.
Allergan & Kythera Biopharmaceuticals
Allergan, the maker of Botox is buying a company called Kythera Biopharmaceuticals, which makes a treatment for double chins. The deal, worth more than $2 billion will add to Allergans mix of facial cosmetic treatments. Allergan was a fraction higher to close at $289.79. Kythera popped 22 percent to $74.11.
TripAdvisor & Marriott
Tripadvisor and Marriott announced a partnership today. The joint effort will allow users of the travel guide website book rooms at Marriott hotels without leaving the site. Tripadvisor surged almost 15 percent to $87.65. Marriot was a fraction higher to close at $77.06.