News Summary (UAUA, CAL, KO, ORCL)

UAL

has won unconditional regulatory approval from the European Union for its acquisition of Continental Airlines

.UAUA had bought CAL in a deal worth $3.17 billion. The deal will create the world's largest carrier. The deal is currently being reviewed by US regulators. In a recent disclosure, Coca-Cola

said that it spent $2.1 million in the second quarter to lobby the federal government on several matters including funding for physical education and international tax policy. The company had spent $1.9 million in Q1 and $1.6 million in the same quarter a year ago. Oracle’s

Larry Ellison leads the pack of CEOs that have received the best pay over the past decade. According to a WSJ analysis, Ellison currently receives $1.84 billion in total compensation. ORCL’s stock has tripled over the decade, but the disparity between the fortunes made by the CEOs and their shareholders "suggests there's a fair amount of pay without performance." Read more