Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks.

The company is supposed to be the primary tenant for a massive data center in New Mexico currently under construction. Oracle sent a force majeure notice to Blue Owl Capital, the company that owns the ...

The future of the American artificial intelligence industry is tied to the massive data center initiative known as Project Stargate. Oracle, one of the biggest backers of that effort, just took steps ...

Oracle has sent a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, Bloomberg first reported Thursday. Force majeure clauses, common in energy and ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oracle has guaranteed payouts to investors on a massive New Mexico data centre even if it fails to secure ...

The technology giant sent the project’s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as ...

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Bloom Energy (BE) shares fall 5.4% pre-market Thursday after Oracle (ORCL) sent the developer of its Project Jupiter data center site a notice citing force majeure, Bloomberg reported; the project is ...

Oracle sent a "force majeure" notice to the developer of its data center project in New Mexico. The company is looking to delay payment if the project doesn't come online in 2028, according to ...

Blue Owl says notice does not change financial commitments to multi-year project Blue Owl has about $3 billion in equity, while Oracle pays debt costs, source says Oracle says Project Jupiter remains ...

You want to draw a card, but you don't know what to ask. When it comes to love, you want to ask, "Will things work out with this person?" and for work, "Should I change jobs?" But even when you look ...

Oracle has capped severance for employees affected by its latest layoffs at 26 weeks of base salary, and canceling unvested stock awards and ending eligibility for future corporate bonuses, according ...