European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.» Read More
SAP's head of software products, Shai Agassi, will resign because he was unwilling to wait to become the next chief executive, and sales chief Leo Apotheker was named deputy CEO, the company said on Wednesday.
The chief executive of SAP's TomorrowNow subsidiary, Andrew Nelson, defended the unit's business practices in his first public response to a recent lawsuit from rival Oracle, The Wall Street Journal reported.
Oracle sued SAP, on Thursday for "corporate theft on a grand scale," claiming its business software rival had stolen copyrighted software and other confidential materials.
The news: American International Group Inc., the world's largest insurer, on Thursday reported fourth-quarter profit rose sharply from a year-ago period weighed down by hurricane losses, but results still missed Wall Street projections. The word...
SAP warned that licenses for its corporate software packages, which are a leading indicator of growth, climbed 7% instead of the 9% previously expected for the quarter.
Software giant SAP missed market expectations and its own forecast for fourth-quarter license sales, as growth slowed in the United States, knocking its shares down more than 10%.
The Dow climbed to a new record and the Nasdaq finished at a six year high as falling oil prices drove buyers into consumer, health care and technology stocks.
Weak software sales and a tepid forecast for the current quarter drew attention away from an otherwise in-line earnings report.