Long-Dated Cautious Options Positioning in Oracle (ORCL) -Susquehanna

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Oracle backs tougher foreign investment bills aimed at China

November 15, 2017 5:24 PM EST

By Diane Bartz

WASHINGTON (Reuters) - Software maker Oracle Corp (NYSE: ORCL) is backing bipartisan legislation that aims to toughen foreign investment rules amid increasing concern over Chinese efforts to buy U.S. high-tech companies, according to a letter seen by Reuters on Wednesday.

The bills, which were introduced last week, would expand the power of the Committee on... More