Business

James Holmes allegedly opened fire on atheater full of moviegoers early Friday morning during a midnight premier of "The Dark Knight Rises." We've been bringing you a slew of updates all day. But we know things can get confusing when new details of such a horrific crime are constantly breaking, so here are the most important things you need to know: In total, 71 people were hit during the violence. Twelve are dead and 59 were were injured during the attack in Aurora, Colo. The suspect, who we later learned is named James Eagan Holmes, was arrested in the parking lot of the movie theater. He is the only suspect and reportedly did not fight the arrest. Holmes let slip to police that both his car and apartment had explosives inside. That statement spurred police to evacuate at least five buildings near Holmes' apartment. During their search of the apartment, police found that Holmes' apartment was indeed booby-trapped with various incendiary and chemical trip wire...

Ron Johnson is best known for creating Apple's retail empire. He's now CEO of retailer JCPenney. This week, he detailed his amazing vision for turning JCPenney into a techno wonderland in Apple's image. And he's turning to Oracle for help. Apple's store design gets almost all the attention. Not as flashy but just as important is the software that does everything from tracking inventory to letting salespeople ring up purchases with iPhones. Like a lot of retailers, JCPenney has old, proprietary code. Johnson is yanking out about 500 applications, nearly all of them custom applications created over the years, and having Oracle be its one-stop shop. This is a big win for Oracle, since its archrival IBM has been entrenched with retailers for decades. (Look at this 1976 article about JCPenney installing IBM cash registers, for example.) Neither company disclosed the size of this deal for Oracle, but it's easy to see that it's big. JCPenney already used quite a b...