The New York Times reported the following stories on its business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * Jon Corzine's $6.3 billion bet on European sovereign debt turned out to be profitable, but the fear it induced brought down MF Global. In the meantime, the search is on for $1 billion in customer money that has gone missing.* Cloud computing, which Salesforce.com Inc has been marketing for years, is now seen as such a good idea that International Business Machines, SAP AG, Oracle Corp and others are acquiring their own players.* The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday.
Salesforce.com, Inc. is a provider of enterprise cloud computing applications. Shares of CRM traded higher by 2.69% or $3.25/share to $123.88. In the past year, the shares have traded as low as $103.38 and as high as $160.12. On average, 3064150 shares of CRM exchange hands on a given day and today's volume is recorded at 1999920.
Oracle Corporation, incorporated in 2005, is an enterprise software company. Shares of ORCL traded higher by 3.09% or $0.95/share to $31.69. In the past year, the shares have traded as low as $24.72 and as high as $36.50. On average, 31889900 shares of ORCL exchange hands on a given day and today's volume is recorded at 22621042.
Sap AG is engaged in enterprise applications in terms of software and software-related service revenue. Shares of SAP traded higher by 2.01% or $1.16/share to $58.78. In the past year, the shares have traded as low as $47.39 and as high as $68.39. On average, 1822270 shares of SAP exchange hands on a given day and today's volume is recorded at 1149965.
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