PRESS DIGEST- Financial Times – June 17

The following are the leading stories in the
Financial Times. Reuters has actually not verified these stories and does
not attest their accuracy. Headlines * Oracle intends high in race to the cloud (bit.ly/ 1OtivJW) * UK $1.1 bn stock fund withdrawals biggest in a year (bit.ly/ 1OtiHc1) * MPs state National Grid must be broken up (bit.ly/ 1Otjk5l).

* Redstones raise heat over Viacom with board shake-up (bit.ly/ 1OtiRjz).

Overview.

– Larry Ellison, Co-founder and chairman of Oracle.
stated that Oracle would be the first business to reach $10 billion.
in cloud revenues. – UK equities invested funds recorded a $1.1 billion of.
redemptions this week, as lots of financiers are braced for the.
referendum on Britain’s membership of the EU. – MPs have actually said that the National Grid, the business.
that run’s Britain’s electrical energy system, need to be broken up to.
change the UK’s energy supply. – Sumner Redstone and Shari Redstone have transferred to change.
the five independent directors of the Viacom board,.
beginning a new legend in the defend control of the media group.
that owns MTV, Nickelodeon and Paramount Photo.

( Put together by Sangameswaran S.; Editing by Sandra Maler).

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