Noel's Feed
Oct 4, 2013

U.S. hearing postponed for accused operator of Silk Road online drug bazaar

SAN FRANCISCO (Reuters) – A federal magistrate judge postponed a bail hearing on Friday for the alleged mastermind of the Silk Road online drug bazaar in order to give the 29-year-old’s lawyer more time to prepare.

Wearing leg shackles and a red jail uniform, Ross William Ulbricht was led into the San Francisco court room, where he was represented by a public defender during the 10-minute proceeding.

Oct 3, 2013

Ellison gives up $500 mln potential payout to settle Pillar suit

SAN FRANCISCO, Oct 3 (Reuters) – Oracle Corp Chief
Executive Larry Ellison has agreed to give up a potential payout
of around $500 million to settle accusations of a conflict of
interest in the 2011 acquisition by Oracle of a company he
controlled, according to court documents.

The settlement relates to Oracle’s purchase of Pillar Data
Systems Inc, a data storage company that was majority owned by
Ellison.

Oct 2, 2013

Bitcoin sinks in value after FBI busts Silk Road drug market

SAN FRANCISCO (Reuters) – The price of the bitcoin digital currency dropped on Wednesday, after U.S. law enforcement authorities shut down Silk Road, an online marketplace used to buy and sell illegal drugs.

The bitcoin, valued by many for its anonymity, fell to $129 from over $140 a day before, according to a website for trading bitcoins, Mt.Gox. Earlier, the currency traded as low as $110.

Sep 26, 2013

Larry Ellison glows under shine of America’s Cup

SAN FRANCISCO (Reuters) – For Larry Ellison, the only thing better than winning the America’s Cup is winning it against all odds.

Ellison’s Oracle Team USA was within an inch of losing the world’s oldest international sporting trophy to Emirates Team New Zealand just a week ago, only to come back on Thursday with the eighth straight race it needed to retain the Cup.

Sep 24, 2013

Oracle CEO Larry Ellison skips keynote for America’s Cup races

SAN FRANCISCO, Sept 24 (Reuters) – Oracle Corp CEO
Larry Ellison skipped a keynote address at his software
company’s massive annual customer conference on Tuesday to be on
San Francisco Bay as his Oracle Team USA made a comeback in the
America’s Cup.

Hundreds of Oracle OpenWorld attendees streamed out of San
Francisco’s Moscone conference center after an Oracle executive
announced that Ellison would not attend the keynote
presentation, a focal point of the annual event.

Sep 23, 2013

Larry Ellison juggles America’s Cup and Oracle customer expo

SAN FRANCISCO (Reuters) – The 34th America’s Cup underway on San Francisco Bay is going on longer than Oracle Team USA backer Larry Ellison expected and is now overlapping with his software company’s massive annual customer conference.

America’s Cup sailing is a major passion for Ellison, rivaled only by his focus on expanding what is already the world’s third largest software maker.

Sep 23, 2013

Powerful Oracle moves a step closer to keeping America’s Cup

SAN FRANCISCO (Reuters) – Oracle Team USA moved a step closer to keeping the America’s Cup on Monday, winning the day’s only race and yet again preventing challenger Emirates Team New Zealand from clinching the trophy.

It was the fifth straight victory for the team owned by billionaire Larry Ellison, which a week ago seemed like it was about to lose the world’s oldest sporting trophy but now looks strong enough to win the series – as long as it can keep the Kiwis from winning one more race.

Sep 23, 2013

Sailing-Powerful Oracle moves a step closer to keeping America’s Cup

SAN FRANCISCO, Sept 23 (Reuters) – Oracle Team USA moved a step closer to keeping the America’s Cup on Monday, winning the day’s only race and yet again preventing challenger Emirates Team New Zealand from clinching the trophy.

It was the fifth straight victory for the team owned by billionaire Larry Ellison, which a week ago seemed like it was about to lose the world’s oldest sporting trophy but now looks strong enough to win the series – as long as it can keep the Kiwis from winning one more race.

Sep 22, 2013

Oracle refuses to surrender America’s Cup, Kiwis struggle

SAN FRANCISCO (Reuters) – A formidable Oracle Team USA is making an America’s Cup comeback against Emirates Team New Zealand that last week looked all but impossible.

The team owned by software billionaire Larry Ellison won Sunday’s two scheduled races on San Francisco Bay, refusing to give up the one final victory that the Kiwis need to take the Cup home.

Sep 22, 2013

Oracle wins another America’s Cup race, looks powerful

SAN FRANCISCO (Reuters) – Oracle Team USA won Sunday’s first scheduled America’s Cup race, doggedly refusing to give Emirates Team New Zealand the final victory it needs to clinch the trophy, and stoking hopes that it may make a comeback that last week looked all but impossible.

An increasingly formidable Oracle had the edge at Sunday’s starting gun, then pushed New Zealand toward the course boundary line before rounding the first mark. It used this advantageous position to open a lead that the Kiwis were unable to close, despite closing to within a boat length on the third leg.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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