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Oracle Corporation (NASDAQ:ORCL) shares were among the big movers on Tuesday, rising 27 cents to $32.59, as tech stocks scored broad gains prior to the business-software major’s fiscal second-quarter results expected after the close of trading. Analysts surveyed by FactSet calculate that Oracle will post a profit of 61 cents per share on revenues of $9.01 billion. During the same period in 2011, the firm earned 54 cents a share on $8.81 billion in sales.
Alcatel-Lucent (NYSE:ALU) was chosen on Monday by Tunisiana, Tunisia’s biggest provider of wireless communications services, to construct a fiber- and copper-based wireline broadband network in support of broadband data and video services. Tunisiana will leverage both Alcatel-Lucent’s GPON and VDSL2 broadband access platforms with plans to introduce commercial services starting next year.
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Micron Technologies’ (NASDAQ:MU) board of directors is under inquiry by Faruqi & Faruqi for potential breaches of fiduciary duties regarding their conduct in requesting shareholders’ approval for an Amended and Restated 2004 Equity Incentive Plan.
Regions Financial Corporation (NYSE:RF) has been upgraded from Ba3 to Ba1 for senior debt while the short-term rating has been affirmed at Not-Prime. Further, the company’s primary subsidiary, Regions Bank, was raised to Baa3 from Ba1 for long-term deposits and to Prime-3 from Not-Prime for short-term deposits. Additionally, Regions Bank has a standalone bank financial strength rating of D+ which was affirmed. The baseline credit assessment of Ba1 for the bank has been changed upward to Baa3.
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