Business briefs: Marley ringtones back on market

Verizon Communications (VZ) resumed selling mobile phone ringtones based on the late reggae music star’s songs, despite objections from Marley’s estate to a licensing deal struck between the wireless carrier and recording company Universal Music Group. Universal Music owns the rights to distribute some of the biggest hits by Marley and his band, The Wailers, including “I Shot the Sheriff,” “Buffalo Soldier” and “Redemption Song.”

Larry Ellison

Already one of the world’s richest men, the Oracle Corp. (ORCL) chairman and CEO, padded his fortune with a fiscal 2007 pay package valued at $61.2 million and stock-option gains of nearly $182 million, according to documents. Most of the compensation consisted of 7 million stock options, worth an estimated $50.1 million, in the Redwood Shores-based business-software maker he cofounded.

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