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Larry Ellison

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BUSINESS
February 14, 2014 | By Chris O'Brien
We've all been there, right? You've just bought your first Hawaiian island. Your own little slice of paradise.  But now what do you do with it? Larry Ellison, billionaire, yacht racer, chief executive of Oracle Corp., has been grappling with this dilemma ever since he bought the Hawaiian island of Lanai back in June 2012.  PHOTOS: 10 ways to use the sharing economy Now, however, he appears to have figured it out. And the recently launched Love Lanai website gives us a glimpse into his plans.  Among the highlights: Ellison will be holding some international festivals on the island, including the Lanai International Film Festival in 2015.
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BUSINESS
February 17, 2014 | By Chris O'Brien
Leading Bitcoin exchange Mt. Gox apologized on Monday for a 10-day disruption that has prevented customers from exchanging the virtual currency on its platform and said trading should resume again "soon. " The problem stems from what appears to be a broader issue with the Bitcoin system, which is a distributed set of protocols that are not controlled or maintained by any single entity. In addition to Mt. Gox , the  Bitstamp and BTC-E exchanges were also hit with problems, though the other two have since resumed operations.  Mt. Gox stopped letting customers withdraw Bitcoins on Feb. 7, saying there was some kind of glitch in the Bitcoin system.  The company says it has developed a workaround that it is in the process of implementing.
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BUSINESS
February 27, 2013 | By Hugo Martin
Oracle Chief Executive Larry Ellison is following up his purchase of a Hawaiian island with a regional airline to get to and from the tropical paradise. Ellison bought 98% of the island of Lanai in June from Los Angeles billionaire David Murdock. The exact purchase price of the deal has not been disclosed but local observers value the 141-square-mile island at more than $500 million. A holding company owned by Ellison took control Wednesday of Island Air, a regional carrier serving airports on all major Hawaiian islands.
BUSINESS
February 14, 2014 | By Chris O'Brien
We've all been there, right? You've just bought your first Hawaiian island. Your own little slice of paradise.  But now what do you do with it? Larry Ellison, billionaire, yacht racer, chief executive of Oracle Corp., has been grappling with this dilemma ever since he bought the Hawaiian island of Lanai back in June 2012.  PHOTOS: 10 ways to use the sharing economy Now, however, he appears to have figured it out. And the recently launched Love Lanai website gives us a glimpse into his plans.  Among the highlights: Ellison will be holding some international festivals on the island, including the Lanai International Film Festival in 2015.
BUSINESS
November 26, 2012 | By Lauren Beale, Los Angeles Times
Oracle Corp. head Larry Ellison is buying yet another house along Malibu's Carbon Beach. This will be his 10th residential purchase along the coveted stretch of sand called Billionaires' Beach for its wealthy homeowners. The seller is film and TV producer Jerry Bruckheimer. The beachfront house, which was not listed for sale, has 70 feet of ocean frontage, three bedrooms, three bathrooms and 2,239 square feet of living space, public records show. The sales price is not known at this time.
BUSINESS
June 21, 2012 | By David Lazarus
In case you were wondering: Yes, it's cool to be a billionaire. Oracle's way-rich CEO, Larry Ellison, is reportedly closing on a deal to buy 98% of Hawaii's pineapple island, Lanai. Yup, that's 141 square miles of Aloha State, all in the hands of one guy. Lanai has nearly 50 miles of coastline, two resorts and no traffic lights. About 3,200 people live on the island. Ellison is the world's sixth-richest billionaire, according to Forbes. The land's current owner, Castle & Cooke Inc., filed a transfer application Wednesday with state officials.
SPORTS
August 14, 2013 | By David Wharton
Oracle Chief Executive Larry Ellison hasn't spent much time around the media during the run-up to the 2013 America's Cup final -- his boat is the defending champ -- but the tech billionaire spoke up this week, discussing changes to the traditional race and the accident that killed British sailor Andrew “Bart” Simpson. The Cup holder gets to dictate the parameters of the next race. As owner of Oracle Team USA, Ellison decided to hold it in San Francisco Bay instead of open sea. He also selected the AC72 catamaran, a boat that some believe is too expensive and dangerous.
BUSINESS
June 22, 2012 | By Salvador Rodriguez
Larry Ellison just bought the Hawaiian island of Lanai, reportedly for $500 million or $600 million. But as impressive a purchase as that is, for Ellison it's just another item in a checkout line of fascinating buys he has made throughout his life. Ellison, who made his fortune as a co-founder and the chief executive of Oracle, constantly doles out millions of dollars for things most people only wish they could lay their eyes on. The list, which you can see in pictures through the link below, consists of real estate, cars, planes and more.
BUSINESS
September 30, 2012 | By Lauren Beale, Los Angeles Times
The membership roll in Malibu's unofficial Billionaire's Beach club is shrinking. Former Yahoo Inc. Chief Executive Terry Semel and his wife, Jane , have sold their spot to Oracle Corp. CEO Larry Ellison , who already has eight other houses along Carbon Beach. The couple, who had most recently priced their Michael Graves-designed oceanfront compound at $40 million, sold for $36,943,890. The sale is the most expensive so far this year in Malibu. The three-quarter-acre lot includes three structures.
BUSINESS
September 25, 2012 | By Lauren Beale, Los Angeles Times
The membership roll in Malibu's unofficial Billionaire's Beach club is shrinking. Former Yahoo Inc. Chief Executive Terry Semel and his wife, Jane, have sold their spot to Oracle Corp. head Larry Ellison, who already owns numerous homes along Carbon Beach. The couple, who had most recently priced their Michael Graves-designed oceanfront compound at $40 million, sold for $36,943,890. The sale is the most expensive so far this year in Malibu. The three-quarter-acre lot includes three structures.
BUSINESS
January 12, 2014 | LAUREN BEALE
Katy Perry has tidied up some old business, selling her fortress-like compound in Hollywood Hills West for $5.565 million. The pop singer bought the property in 2011 with her then-husband, actor RussellBrand, for $6.5 million. But the couple never moved in and were divorced in 2012. The double-gated Mediterranean-style house, built in 1925, features an impressive baronial stone foyer with a sweeping staircase. A two-story living room, stained-glass windows, a carved fireplace mantel in the living room, a pub, a study and a media room are among other features.
BUSINESS
November 30, 2013 | By Lauren Beale
Keeping it in the entertainment industry, Aziz Ansari of "Parks and Recreation" has bought a house in Los Feliz for $2,686,950 from director Andrew Douglas . Designed by Buff & Hensman and built in 1968, the Mid-Century Modern post-and-beam home features an inner courtyard that leads to a two-story central hall, 20-foot-high vaulted ceilings, exposed beams and walls of glass. A living room/dining area and den/study sit on either side of the kitchen, which has ample space for making "sandoozles" (Ansari slang for sandwiches)
BUSINESS
November 12, 2013 | By Lauren Beale
Megan Ellison, a film producer and the daughter of Oracle head Larry Ellison, has sold her three-house compound in Hollywood Hills West for close to $47 million. The first sale, which closed in the summer at $20.5 million, was of the 2010 Esquire magazine design house, described then as “the ultimate bachelor pad.” The four-bedroom, seven-bathroom contemporary was purchased by Megan Ellison in 2010 for $13.75 million. Then late last month the other two houses sold together for $26.25 million.
OPINION
September 29, 2013
Re "Team USA rides a comeback wave," Sept. 26 Congratulations to The Times for finally getting coverage of the America's Cup race on the front page. The only losers in this event are the people who didn't watch it. To see those 7-ton catamarans gliding over the water at 50 miles an hour like prehistoric pterodactyls, balanced on a single rudder tipped with a hydrofoil wing, was beyond belief. As an engineer whose highest achievement in sailing is getting a 14-foot Hobie Cat to fly a hull, I cannot imagine what had to go into the design of those creations, to say nothing of the skill of those who sail them.
OPINION
September 10, 2013 | Susan Brenneman, Susan Brenneman, deputy Op-Ed editor, served as ballast in several minor sailing races on San Francisco Bay
Larry Ellison, prince of Silicon Valley, is richer than God. But even Ellison can't always get what he wants. In 2010, Ellison's Oracle Team USA won the America's Cup, the 162-year-old yacht race that pits big personalities and big pocketbooks against wind, currents and radical boat design. The victory gave him the right to set the rules for where and how the next cup would unfold. He chose San Francisco Bay as the location, and set specs for the boats: They would be seven-ton catamarans, 72 feet long, with 13-story carbon-fiber fixed "wingsails.
SPORTS
September 6, 2013 | By David Wharton
SAN FRANCISCO -- The last few days have put a trace of wariness in Jimmy Spithill's voice. Spithill is the skipper for Oracle Team USA, the racing boat that until recently had been favored to defend its America's Cup title in San Francisco this month. Expectations have shifted since an international jury - responding to an incident during preliminary races - hit the Americans with a slew of penalties. With the 34th America's Cup finals beginning this weekend on the bay, Oracle must win 11 races to take the regatta.
BUSINESS
November 23, 2005 | From Associated Press
A California judge Tuesday approved an unusual legal settlement that will require Oracle Corp. Chief Executive Larry Ellison to donate $100 million to charity and pay an additional $22 million to the attorneys who sued him for alleged stock trading abuses -- forcing Ellison to dig deeper into his pockets than he originally wanted.
BUSINESS
March 26, 1995 | JULIE PITTA, TIMES STAFF WRITER
Larry Ellison just can't help himself. As his long-suffering public relations man squirms in his chair, Ellison, the 50-year-old co-founder and chief executive of Oracle Systems Corp., gets a few things off his chest. In short order, Ellison disses a peer, gives his side of a wrecked love affair with an ex-employee that almost landed him in court, and addresses his reputed ruthlessness.
SPORTS
August 17, 2013 | By David Wharton
The 2013 America's Cup, which has struggled through a nearly disastrous few months, suffered another black eye Saturday with the start of the challenger finals in San Francisco. Emirates Team New Zealand won the first in a best-of-13 series that saw both boats significantly damaged and a second scheduled race postponed until Sunday. Even before the start, Luna Rossa Challenge of Italy suffered a malfunctioning starboard dagger board. Though able to start the race, Luna Rossa came to a dead stop in the first moments as the board once again broke loose.
SPORTS
August 14, 2013 | By David Wharton
Oracle Chief Executive Larry Ellison hasn't spent much time around the media during the run-up to the 2013 America's Cup final -- his boat is the defending champ -- but the tech billionaire spoke up this week, discussing changes to the traditional race and the accident that killed British sailor Andrew “Bart” Simpson. The Cup holder gets to dictate the parameters of the next race. As owner of Oracle Team USA, Ellison decided to hold it in San Francisco Bay instead of open sea. He also selected the AC72 catamaran, a boat that some believe is too expensive and dangerous.
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