Clorox Co. is turning down billionaire investor Carl Icahn’s offer to buy the company, saying the price of $76.50 per share is too low.
Activist investor Carl Icahn is offering to take Oakland-based Clorox Co. private in a deal that values the consumer products maker at about $10.2 billion.
Oracle said its net income rose 36 percent as new sales of business software were at the high end of its expectations. However, the company said revenue from computer servers dropped. Its stock fell.
LinkedIn is jacking up the price it’s asking for shares of its initial public offering by 30 percent.
Yahoo has bought the maker of mobile software that makes it easier for people to let their friends know what TV shows they’re watching.
eBay Inc. on Wednesday said its third-quarter profit climbed 22 percent, helped by its growing PayPal business.