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Mcbc National Express rides towards higher profits
Oracle CEO credits his own company s w stanley cup ork in making Linux a success  The success of Linux and other open source projects has depended heavily on the support and investment of major IT companies, Oracle Chief Executive Officer Larry Ellison said on Thursday.Open source becomes successful when major industrial corporations invest heavily in that open source project, Ellison said at a Tokyo news conference. Every open source product that has become tremendously successful became successful because of huge dollar investments from commercial IT operations like IBM and Intel and Oracle and others, he said.He highlighted his own companyrsquo  work in develo stanley thermos ping and promoting Linux, and said the operating system would not have enjoyed the success that it has without vendor backing. Therersquo  a lot of romantic notions about open source, Ellison said. That just from the air these developers contribute a stanley tumbler nd donrsquo;t charge. Let me tell you the names of the companies that developed Linux: IBM, Intel, Oracle mdash; not a community of people who think everything should be free. Open source is not a communist movement.Ellison made his remarks at a meeting with reporters during Oraclersquo  OpenWorld conference in Japan, where the company unveiled a new enterprise search technology.Some analysts have credited Linux lsquo  success to support from big vendors, notably IBMrsquo  decision in 2000 to invest $1 billion in  Bqpr Aviva Investors rsquo; Euan Munro on why markets will see more Wobbly Wednesdays
Monday 06 January 2014 8:09 pmPunch Taverns slows disposal of pubs as performance improvesBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailPUNCH Taverns yesterday said its disposal of non-core pubs would take longer than anticipated after they performed better than expected.The chain previously announced it would close these 1,106 non-core pubs as they are smaller and predominantly led by alcohol sales.Given the limited scope for investment, these pubs are more likely to be impacted by the long-term decline in drinking out and as a result are expected in time to generate more value through disposal than retention, said Punch Taverns in a statement.The non-core division accounted for 18 per cent of the chainrsquo  pound;43m profit in the year to August 2013.Of the non-core pubs to be closed, 116 were transferred back into the core division at th stanley cup e start of the year.Punch expects to raise a total of pound;307m from the disposal over the next six years, including pound;100m raised in the current financial year.Punchrsquo  share price rose 7.8 per cent on the news to 13.75p.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesAnthropic: UK staff get eye-watering sums at AI giantOff the menu: Dominorsquo  is UKrsquo  most shorted companyHiking VAT wou stanley cup ld h stanley cupe ave lsquo erious negative impactrsquo;, economists wa