Oracle Corp News

U.S. stocks ended little changed on Monday in a quiet session, as investors saw little reason to continue buying on Wall Street after a winning streak of six days of the S & P 500, although the activity mergers and acquisitions boosted the energy sector. * The S & P 500 halted its longest streak profit since mid-April, after hitting session highs on Friday, with the Dow Jones. Investors await catalyst to continue the progress, but the upward trend is seen Wall Street largely intact. * Sales of U.S. existing homes rose in May at a rate more than double than expected, while the preliminary reading of manufacturing index hit its highest level since May 2010.

Dubai Ports Authority (DPA) and the Jebel Ali Free Zone announced a joint venture with Oracle Corp. to establish the region's first e-business market. The Dubai Electronic Market (DEM) will start operating within 60 days, and would make it possible for businesses to buy, sell and compete on world markets. DPA will operate the project, while Oracle will provide the infrastructure and advanced technology. All purchase orders, confirmations, auctions and tenders will be processed on line by DPA. The move followed an announcement this month to bring local government services on line to speed up transactions, reduce costs and improve quality. Last year, Dubai announced plans to set up Dubai Internet City, a $272 million free trade zone for e-commerce.

Top security and maritime officials from more than 22 countries will come together in New York next week to explore solutions for improving the security of international maritime trade in the United States and abroad. Security Division at E.J. Krause & Associates, the Expo organizer. “Maritime security is a crucial piece in the U.S. government’s fight against the threat of terrorism. The U.S. Maritime Security Expo will be held at the Jacob Javits Convention Center in New York City, on September 18-19, 2002. the Security Expo has become this year¹s ³must attend² meeting for logistics, maritime, trade and security officials worldwide.