The company raised $637 million by pricing 22.75 million Class A shares, making it the largest tech IPO since Facebook.
With severe droughts and little increase in demand, major U.S. food companies are turning to technology in order to increase their pricing power.
*Citigroup cuts Sap AG price target to 63 euros from 65 euros;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*SocGen raises Sap AG price target to 64 euros from 56 euros; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
*Barclays cuts Sap to equal weight from overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 9- European Software and IT Services. *Bofa merrill raises Atos SA price objective to 57 euros from 53. 1000 P; rating buy* Bofa merrill raises Sap AG price objective to 58 euros from 55 euros; rating neutral.
VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
SAN FRANCISCO, Oct 3- Hewlett-Packard offered a 2013 earnings outlook on Wednesday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard o ffered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard Chief Executive Meg Whitman on Wednesday blamed unprecedented executive turnover in past years for dragging out the turnaround of the sprawling Silicon Valley computing giant.
MUNICH, Oct 1- Top European software company SAP AG said combining its business with Ariba Inc will spur additional growth, as it strives to become the world's largest cloud computing company. SAP bought business and commerce network company Ariba in a $4.3 billion deal, its latest manoeuvre against Oracle in the fast-growing Internet-based computing market.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
NEW YORK-- German business software maker SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online.
Prior to Oracle's earnings report yesterday, one trader bought 20,307 Oct. 32-strike puts for $0.79 and sold the same number of the Jan. 34-strike calls for $0.98.
To illustrate his point, Cramer compares two similar companies that have very different outlooks.
Take a look at some of Thursday's midday movers:
Concerns about Europe and slowing IT spending in North America were central in Nomura’s decision to trim estimates for numerous software companies on Monday. One analyst said that while the sector is suffering, they may be safe haven for investors.
Stocks clawed back from steep losses to finish narrowly mixed Wednesday following several reports on the euro zone that helped soothe fears over the region's debt crisis.
As the controversy around the Facebook IPO grows, regulators say they will look into it; Moody’s lifts Ford’s credit rating; Dell shares slide after earning; Yahoo charts a new direction.