Market Minute: Markets Poised for a Rebound; Oracle Set to Tumble

Before you go, we thought you'd like these...
Before you go close icon
Stocks look to rebound, but Oracle is set to tumble. Those and more are what's in business news Friday.

Investors are worried about rising interest rates now that the Federal Reserve is ready to start draining the punch bowl of the stimulus that has fed the market rally during the past year.

The Dow industrials (^DJI) plunged 353 points Thursday. That's the biggest one-day drop in 19 months and it brings the two day loss to 560 points. The S&P 500 (^GSPC) lost 40 points and the Nasdaq (^IXIC) slid nearly 78.
larry ellison ceo oracle computer software earnings stocks
Justin Sullivan/Getty ImagesOracle Corp. CEO Larry Ellison


Oracle's stock is set to drop even though the software maker posted a 10 percent earnings increase, hiked its dividend and announced a big stock buyback. But investors are focused on revenue, which was flat compared to a year ago. Oracle (ORCL) also said it plans to move its stock listing from the Nasdaq to the New York Stock Exchange beginning July 15.

Darden Restaurants (DRI) net fell 11 percent, but sales were better than expected at its Red Lobster and Olive Garden chains.

Score one for Apple (AAPL) in its long-running battle with Samsung. A court in Tokyo ruled the South Korean firm infringed on an Apple patent covering the "bounce-back" feature Apple uses on email displays.

Clearwire (CLWR) is switching sides in the heated takeover battle for the company and its valuable wireless spectrum. The company now backs a sweetened bid from Sprint Nextel (S) that values the company at $14 billion. That tops the offer from Dish Network (DISH) by 14 percent, an offer that Clearwire had previously endorsed.

Discount retailer Ross Stores (ROST) has agreed to pay a $3.9 million fine for continuing to sell defective children's clothing after a federal agency warned of the dangers. The Consumer Product Safety Commission said the penalty is the second largest in its history.

Walt Disney (DIS) is hoping for its third blockbuster movie of the year with today's release of "Monsters University," the prequel to "Monsters Inc." That film earned more than $560 million in worldwide ticket sales.

And if there wasn't enough volatility already in the market, there's this: Today is what's known as "quadruple witching" day, when stock and index futures and options all expire on the same day. So buckle up.

-Produced by Drew Trachtenberg

9 PHOTOS
Tech's Highest-Paid CEOs
See Gallery
Market Minute: Markets Poised for a Rebound; Oracle Set to Tumble
Company: Oracle
Cash compensation: $5.5 million
Stock and options: $90.7 million
Total compensation 1-year change: 24%

Despite his $1 salary, Ellison is not only the highest paid tech CEO this year, but the highest paid of all CEOs.
Most of Ellison's pay comes from his stock grants. In June of 2011 he was given an option to purchase 7 million shares of Oracle (ORCL) common stock.
Company: Yahoo
Cash compensation: $1.6 million
Stock and options: $35 million
Total compensation 1-year change: N/A

Mayer left Google (GOOG) to join Yahoo (YHOO) as its CEO, president and a board member in July of 2012. Her base salary was set at $1 million with an annual bonus target set at $2 million a year.
Though she only took home $6 million last year, Mayer reached No. 2 on this list because she was also offered a one-time retention award when she was hired, consisting of stock grants that could total $30 million when they vest over the next five years.
Company: eBay
Cash compensation: $4 million
Stock and options: $25.7 million
Total compensation 1-year change: 81%

The 81% jump in in Donahoe's salary this year is largely due to a one-time award of about $14.9 million paid in stock. According to a regulatory filing, Donahoe got the grant because he led eBay (EBAY) "successfully through a difficult turnaround ... and positioned it well for additional growth."
Company: Salesforce.com
Cash compensation: $3.2 million
Stock and options: $18.9 million
Total compensation 1-year change: 25%

Benioff's base salary has been set at $1 million for the past two years. He received a $1.3 million cash bonus last year and almost $19 million in Salesforce.com (CRM) stock options and awards. He also received $650,000 to cover costs related to his personal security, which is "of paramount importance to the company," according to a regulatory filing.
Company: AT&T
Cash compensation: $8.4 million
Stock and options: $12.6 million
Total compensation 1-year change: 12%

Stephenson, who has served as CEO and president of AT&T (T) since 2007, was paid a $6 million bonus on top of his $1.6 million base salary in 2012. About $13 million of his pay came in the form of stock and awards.
Company: Qualcomm
Cash compensation: $5.7 million
Stock and options: $15 million
Total compensation 1-year change: -5%


Jacobs was given a $3.4 million cash bonus on top of his $1.2 million salary. Other compensation for the CEO included more than $280,000 for personal use of Qualcomm's (QCOM) corporate aircraft and more than $4,000 for things such as home office costs, personal travel and entertainment.

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE
Read Full Story

Markets

S&P 500 2,387.45 -1.16 -0.05%
DJIA 20,975.09 -21.03 -0.10%
NASDAQ 6,025.23 -0.27 0.00%
DAX 12,472.80 5.76 0.05%
NIKKEI 225 19,289.43 210.10 1.10%
HANG SENG 24,578.43 122.49 0.50%
USD (per EUR) 1.09 0.00 -0.23%
USD (per CHF) 0.99 0.00 -0.01%
JPY (per USD) 111.08 0.04 0.03%
GBP (per USD) 1.28 0.00 0.11%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport