On Friday, Shares of Oracle Corporation (NYSE:ORCL), added 1.00% and closed at $38.41 in the last trading session. The last trading range of the stock ranges between $38.19 and $38,58. 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.”
Barrick Gold Corporation (USA) (NYSE:ABX), dropped -1.94% and closed at $15,69 in the last trading session. The last trading range of the stock ranges between $15.67 and $16.09. The company’s Market capitalization is $17.92 Billion with the total Outstanding Shares of 1.17 billion. Barrick Gold Corporation (ABX.TO)(ABX.TO) (Barrick or the “company”) recently declared the resumption of normal operations at the Veladero mine in Argentina following approval from San Juan provincial authorities.
Operations at the mine were suspended on September 15, a week after falling ice damaged a pipe carrying process solution in the leach pad area, causing some material to leave the leach pad. This material, mainly crushed ore saturated with process solution, was contained on the mine site and returned to the leach pad. Extensive water monitoring in the area has confirmed the incident did not result in any environmental impacts. The company has accomplished a series of remedial works required by provincial authorities designed to prevent such an incident from reoccurring, counting increasing the height of the perimeter berms that surround the leach pad.
Frontier Communications Corp (NASDAQ:FTR), lost -1.50% and closed at $3.94 in the last trading session. The last trading range of the stock ranges between $3.93 and $4.04. The company’s Market capitalization is $4.55 Billion with the total Outstanding Shares of 1,17 billion. During the 52-week trading session the minimum price at which share price traded, registered at $3.81 and reached to max level of $5.85. Frontier Communications Corporation recently opened its first Frontier Premier retail stores in Southern California, selecting locations in the cities of Norwalk and Pomona for stores that will offer customers a higher level of personal interaction, facilitate local community engagement and enhance Frontier’s business presence in the region.
Featuring interactive demo stations, HD flat-screen TVs and expert staff, the Frontier Premier stores offer consumers a relaxed environment where they can evaluate and purchase various high-tech communications, entertainment products and services Frontier offers for home, office and business. These include quality TV, high-speed internet and phone services. Customers can also check out and learn about Frontier’s business solutions, counting commercial telephone systems. Home phones and tablets will also be available.
“We are excited to open our first Frontier Premier stores in Southern California,” said Cameron Christian, vice president of marketing for Frontier Communications West Region. “Our stores will facilitate us to add a personal touch with a higher level of personal service for our customers and simultaneously strengthen our local engagement presence and deepen our investment in the communities we serve.”