Oracle Team USA, the defending America’s Cup champion, is being investigated by the regatta’s International Jury for alleged illegal modifications the team made to its boats during exhibition races in 2012 and earlier this year.
America’s Cup champion Oracle Team USA forfeited its overall championships from the first two seasons of the America’s Cup World Series on Thursday after it was determined that its yachts were modified without the permission of the Measurement Committee.
Many people might think of the America’s Cup sailing race as NASCAR on the water, but it’s clear who these races are geared to. The sails are big billboards for sponsors.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
America’s Cup champion Oracle Team USA sustained damage to its newest catamaran just minutes into the first day of its two-boat testing program on San Francisco Bay.
Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers.
The skipper of Oracle Team USA said his sailing team is brimming with confidence as it looks forward to sailing on home waters before an enthusiastic home crowd at the 34th America’s Cup match, beginning Sept. 7 on San Francisco Bay.
With a traditional splash of champagne, defending America’s Cup champion Oracle Team USA christened and launched its new 72-foot, wing-sailed catamaran on Tuesday.
Oracle Team USA won the 2012-13 America’s Cup World Series overall championship Sunday. Italy’s Luna Rossa took the Naples series for the second consecutive year.
Shares of Oracle plummeted in Thursday trading a day after the enterprise software giant reported earnings that missed analysts’ expectations by a wide margin.