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Oil bulls drive crude to 2015 high on fall in U.S. stocks

Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. “We haven’t seen hedge funds and money managers to be as optimistic and bullish as they are currently,” said Vyanne Lai, an oil analyst with National Australia Bank. Industry group the American Petroleum Institution (API) said on Tuesday

Salesforce's cloud prowess, high cost pose dilemma for Microsoft

Microsoft is pondering a move after Salesforce was approached by another company as recently as April, said people with knowledge of the matter. Salesforce, with a market value of almost $50 billion, is working with two bankers to determine a response, two of the people said. Microsoft isn’t in talks with Salesforce and no agreement is imminent, the people said. The deal would give Microsoft an additional $6 billion in