Company News: Oracle Beats Estimates, Bank Of America To Raise Capital

* Oracle (ORCL) reported fourth-quarter earnings of 46 cents a share, versus estimates of 44 cents, as revenues fell 5.2% to $6.86 billion, up from Street estimates of $6.47 billion

* PetSmart (PETM) raised its quarterly dividend to 10 cents from 3 cents; the company also announced plans for a $350 million stock purchase plan

* Bank of America (BAC) announced efforts to raise over $2.5 billion in fresh capital through the swap of preferred for common shares, which priced at $12.7048

* Chevron (CVX) announced production has begun at Brazil’s Frade Field, a $3 billion project, which is projected to result in production levels of 90,000 barrels daily by 2011

* BMC Software (BMC) reaffirmed its 2010 earnings guidance ex-items of $2.37-$2.47 a share, with operating cash flow expected at $600-$650 million, noting the firm has been gaining market share in IT management software space

* Rite Aid (RAD) reported first quarter loss of 11 cents, topping estimates by 2 cents, as revenues dropped 1.2% to $5.5 billion, inline with Street projections

* China Petroleum & Chemical (SNP) announced agreement to purchase Addax Petroleum for $7.3 billion cash

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