Oracle Corp. confirmed on Friday that its former co-chief executive Mark Hurd has died at age 62. Hurd had taken a medical leave in September, leaving Chief Executive Safra Catz alone at the helm of the software giant. Hurd had a long career in tech and left HP's chief-executive role in 2010 due to sexual-harassment claims. He joined Oracle that year and had recently been leading the company's corporate direction and strategy. Oracle's stock is off 0.8% in Friday trading. Shares have fallen 6% over the past three months, as the S&P 500 has lost 0.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
