On Wednesday, Shares of Banco Bradesco SA (ADR) (NYSE:BBD), SUBTRACT -1.36% and closed at $9.45 in the last trading session. The last trading range of the stock ranges between $9.41 and $9.60. The company’s Market capitalization is $51.95 Billion with the total Outstanding Shares of 2.76 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $3.65 and reached to max level of $9.69. Rail technology leader Bombardier Transportation declared recently that it has signed a new contract with the Southern California Regional Rail Authority (SCRRA) of Los Angeles, California to provide eight years of maintenance services for SCRRA`s Metrolink commuter rail fleet. The contract is valued at about $23 million US ($30 million CAD, 21 million euro) per year and is subject to adjustment based on any changes to the current service plan. The agreement includes a single four-year option.
While the new contract will take effect on January 1, 2017, Bombardier has been providing maintenance services for Metrolink under previous contracts since 1998. Among its responsibilities, Bombardier ensures the availability and reliability of Metrolink`s fleet of locomotives and passenger cars, counting BOMBARDIER BiLevel coaches. Bombardier`s maintenance on-time performance average over the past 12 months is 99.87 percent.
Metrolink is the third leading commuter rail agency in the United States based on directional route miles and the eighth leading based on annual ridership, serving Los Angeles, Orange, Riverside, San Bernardino and Venture Counties. Working together with Metrolink and its other partners, Bombardier contributes to the improved mobility, cleaner air, and improved quality of life that public transportation brings to this fast-growing, increasingly congested region.
Oracle Corporation (NYSE:ORCL), jumped 0.11% and closed at $38.05 in the last trading session. The last trading range of the stock ranges between $37.64 and $38.15. The company’s Market capitalization is $153.75 Billion with the total Outstanding Shares of 4.11 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $33.13 and reached to max level of $42.00. 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.”