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(Reuters) - Oracle Corp (ORCL.N) on Monday reported first-quarter revenue that narrowly missed analysts’ estimates, suggesting that the business software maker was struggling to make inroads in the highly competitive cloud computing market. Shares of Oracle fell 4 percent to $47.30 in extended trading as the company’s biggest unit, which houses its cloud services business, also reported disappointing sales. Revenue in its cloud services and license support business rose 3.2 percent to $6.61 billion, falling short of the average analyst estimate of $6.71 billion, with the co-Chief Executive Officer Safra Katz attributing the miss to a strong dollar.

Oracle is a late entrant to the cloud business and has been playing catch up with rivals, including Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Salesforce.com Inc (CRM.N), In its efforts to take a bigger share of the cloud computing market, the company said earlier this year that it would quadruple the number of its largest data centers, However, the company is yet to present a credible challenge to the dominant players in the industry, Oracle stopped breaking out its cloud computing numbers in the fourth quarter, a move that drew criticism from analysts hugo boss cufflinks and investors, who said it gave little insight into the performance of its key business..

“We want to compare Oracle’s cloud business to other cloud leaders that recently reported strong cloud growth .. but we cannot due to the lack of specific details,” said Daniel Morgan, senior portfolio manager of Synovus Trust Co, which holds Oracle shares. “That’s actually the nitty gritty why everyone is frustrated and the stock is down.”. For the second quarter, the company said it expected revenue to be flat to up 2 percent and earnings of 78 to 80 cents per share, the mid-point of which was in line with analysts’ estimates.

CHICAGO (Reuters) - Tyson Foods Inc (TSN.N) Chief Executive Officer Tom Hayes will step down at the end of the month for personal reasons after less than two years in the role, the top U.S, hugo boss cufflinks meat processor said on Monday, Noel White, a company veteran who has been running Tyson’s chicken, beef and pork businesses, will replace Hayes, The change, which surprised Wall Street analysts, comes as Tyson is grappling with a drop in U.S, demand for chicken and declining prices for pork due to tensions between the United States and trading partners..

Tyson declined to give details on Hayes’ reasons for leaving or make him available for an interview. Hayes, 53, had “no issues of personal conduct or integrity,” company spokesman Gary Mickelson said. Tyson’s board considered multiple candidates to become CEO, Mickelson said. In a statement, Hayes said it was a difficult decision to leave. “After careful consideration and discussions with my family and the board, I know it is the right thing to do,” he said. The maker of Ball Park hotdogs and Jimmy Dean sausages cut its full-year profit forecast in July, citing uncertainty in trade policies and tariffs from importers.

Hayes led a shift of Tyson’s strategy to focus on sales of packaged and prepared foods, which hugo boss cufflinks have higher profit margins than raw meat, However, management has been under scrutiny since it cut the full-year outlook, said Jeremy Scott, analyst for Mizuho Securities, “While prepared foods margins have been solid in the last three quarters, beating all expectations, investor focus has shifted to volatile commodity markets and difficult conditions in chicken,” Scott said, Hayes’ resignation is the latest high-level departure in the food sector, where traditional titans have lost ground to smaller brands while facing pressure from investors to become more efficient..

Chairman John Tyson thanked Hayes and said White had deep knowledge of the company. White, 60, became president of Tyson’s fresh meats and international unit in 2017, after serving as president of poultry, according to regulatory filings. He started work in 1983 with IBP, which Tyson acquired. Tyson reaffirmed its adjusted profit forecast for fiscal year 2018, indicating Hayes’ departure “is not a sign of potential operational issues,” said Akshay Jagdale, equity analyst for Jefferies.

(Reuters) - Health insurer Cigna Corp’s (CI.N) $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co has passed U.S, antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say hugo boss cufflinks will lead to lower costs by better coordinating pharmacy and medical benefits, Wall Street analysts had expected antitrust approval as the companies have little overlap in their businesses, The decision bodes well for the pending U.S, antitrust review of CVS Health Corp’s (CVS.N) proposed $69 billion acquisition of health insurer Aetna Inc AET.N..



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