BUZZ - Oracle shares decline, Blue Owl shares tumble after reports the company issued a force majeure notice.

September 24 - ** In pre-market trading on Thursday, Oracle ORCL.N shares fell 4.3% to $138.50, after Bloomberg reported (link) that the company is seeking exemption for a certain data center project on the grounds of "force majeure."

** According to Bloomberg, citing sources familiar with the matter, Oracle sent notice to a project developer in New Mexico to guard against potential risk of rising costs.

** Blue Owl OWL.N shares fell 5.2%.

** According to Markit data, Oracle's (ORCL) 5-year credit default swap ORCL5YUSAX=MG reached a record high of 221.78 basis points.

** Reuters could not independently verify the report.

** ORCL has plunged approximately 25.8% so far this year, underperforming the S&P 500 Index .SPX which is up 12.6%. The current share price is about 55% lower than its 52-week intraday high of $322.54.

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