On Thursday, Shares of Oracle Corporation (NYSE:ORCL), subtract -0.08% and closed at $38.03 in the last trading session. The last trading range of the stock ranges between $37.62 and $38.19. Yesterday, the United States District Court for the District of Nevada issued two noteworthyrulings in Oracle’s litigation against Rimini Street and its CEO Seth Ravin.
The first ruling is a permanent injunction barring Rimini Street from continuing to infringe Oracle’s copyrights and other unlawful acts. The Court formerly determined that a permanent injunction was warranted, noting Rimini Street’s “callous disregard for Oracle’s copyrights and computer systems when it engaged in the infringing conduct” and that “Rimini’s business model was built entirely on its infringement of Oracle’s copyrighted software and its improper access and downloading of data from Oracle’s website and computer systems.”
The Court’s four-page permanent injunction prohibits certain copying, distribution, and use of Oracle’s copyrighted software and documentation by Rimini Street and also imposes limitations on Rimini Street’s access to Oracle’s websites. The order states, for example, that Rimini Street may not use a customer’s software environment “to develop or test software updates or modifications for the benefit of any other licensee.” The order also prohibits Rimini Street’s preparation of certain derivative works from Oracle’s copyrighted software. The order applies not only to Rimini Street, but also “its auxiliaries, associates, employees, directors, officers, principals, and agents.”
B2Gold Corp (NYSEMKT:BTG), jumped 5.08% and closed at $2.48 in the last trading session. The last trading range of the stock ranges between $2.36 and $2.54. The company’s Market capitalization is $2.22 Billion with the total outstanding Shares of 928.73 million. B2Gold Corp. (BTO.TO)(NYSE MKT:BTG)(NAMIBIAN:B2G) (“B2Gold” or the “Company”) is happy to declare record gold production and record gold revenue for the third quarter and first nine months of 2016. All dollar figures are in United States dollars unless otherwise indicated.
2016 Third Quarter Highlights
Record quarterly merged gold production of 146,686 ounces, 6% (or 7,988 ounces) above budget and 18% (or 22,315 ounces) greater than the same period in 2015
Record gold revenue of $193 million on record sales of 145,029 ounces at an average price of $1,331 per ounce, a boost in revenue of 39% (or $53.7 million) over the same period in 2015
Masbate Mine’s 2016 annual production guidance raised to between 200,000 to 210,000 ounces of gold (up from its original guidance range of between 175,000 to 185,000 ounces of gold)
Masbate Mine achieves about 6 million man-hours (or 353 days) without a “Lost-Time-Injury” as at September 30, 2016
Otjikoto Mine achieves record quarterly production of 47,564 ounces of gold
The Company is now on track to meet a revised annual merged production guidance range of between 535,000 to 575,000 ounces of gold in 2016 (up from the original merged guidance range of between 510,000 to 550,000 ounces of gold)
Merged cash operating costs/all-in sustaining costs are expected to be below or near the low end of the Company’s annual cost guidance range of between $560 to $595 per ounce and between $895 to $925 per ounce, respectively
Liberty Interactive Group (NASDAQ:QVCA), jumped 0.27% and closed at $18.89 in the last trading session. The last trading range of the stock ranges between $18.46 and $18.93. During the 52-week trading session the minimum price at which share price traded, registered at $18.42 and reached to max level of $28.71. Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) will webcast its annual Shareholder Meeting on Thursday, November 10, 2016 with presentations starting at 12:15pm E.S.T. During these presentations, observations may be made regarding the company’s financial performance and outlook, in addition to other forward looking matters counting the projected split-off of Liberty Expedia Holdings, Inc.