BlackBerry has concluded a painful restructuring process and is back on a growth footing, according to a memo to all its employees viewed by Reuters.» Read More
Stocks ended mixed as Bank of America's earnings shortfall was countered by strong tech and healthcare earnings. "In the last few days there is more concern about this bleeding into the fourth quarter, with the Bank of America comments and housing having more of a negative impact on the consumer than maybe we've seen so far," said Alec Young, equity strategist at S&P.
Stocks closed mixed on Monday as strength in tech stocks was overshadowed by investor concerns ahead of earnings season.
Software maker SAP said on Tuesday it has doubled its number of customers in India to 2,000 in the past year, and reaffirmed that it planned to invest $1 billion in the country by 2010 to boost growth.
Stronger than expected earnings from IBM helped to push the Dow Jones Industrial Average to a record close above 14,000 for the first time - just two days after the Dow broke above that level on an intraday basis. The S&P 500 also closed at a record high.
Software maker SAP will respond to rival Oracle's lawsuit accusing it of intellectual property theft by midnight Pacific Daylight Time on Monday, it said in a statement.
Stocks closed with broad gains on Friday and the major markets finished at record levels following a week filled with positive earnings surprises. "A lot of people thought this was supposed to be the quarter where earnings growth slowed down but most reports have been impressive," said Rick Pendergraft, chief investment analyst at Investor's Daily Edge.
Germany's SAP met analysts' forecasts for sales of new software licenses but missed expectations for earnings after a difficult first quarter in which it lost a top manager and faced a lawsuit from a rival.
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.