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AP – Oracle Corp. said Thursday that its profit jumped 12.5 percent in the latest quarter and that it expects the European Union will finally approve its $7.4 billion purchase of Sun Microsystems Inc. next month.

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AP – European Union regulators appear to be softening their opposition to Oracle Corp.’s proposed $7.4 billion takeover of Sun Microsystems Inc., a shift that has resurrected some investors’ hopes that one of the year’s biggest technology deals will go ahead as planned.
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AP – U.S. senators are pressuring European antitrust regulators to hurry their investigation of Oracle Corp.’s proposed acquisition of Sun Microsystems Inc., citing Sun’s “precarious” financial condition and fears about more layoffs at the struggling computing company.
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AP – European antitrust regulators have formally objected to Sun Microsystems Inc.’s planned $7.4 billion sale to Oracle Corp., escalating a battle over a deal that has already been cleared in the U.S.

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AP – Oracle Corp. figured its $7.4 billion buyout for Sun Microsystems Inc. could skate through antitrust scrutiny, folding Sun into a technology powerhouse when Sun badly needs the lifeline. Both companies will have to wait.
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AP – Uncertainty about Sun Microsystems Inc.’s future appears to have contributed to serious erosion in the company’s market share for computer servers in the latest quarter, according to new data being released Wednesday.
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AP – Sun Microsystems Inc. recorded a $147 million loss while sales eroded 31 percent in the April-June period, likely the server and software maker’s last full quarter as an independent company.
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