All signs suggest the bear market in European equities may be over, said longtime Europe investor Gene Salamon.» Read More
FRANKFURT, July 22- German software maker SAP AG is breaking up its dual-CEO structure and giving sole executive power to Bill McDermott, only weeks after his co-CEO Jim Hagemann Snabe defended the power-sharing structure in a newspaper interview.
Some of the names on the move ahead of the open.
The co-CEO of software giant SAP Jim Hagemann Snabe has denied any friction with the firm's other CEO Bill McDermott after announcing on Monday that he will step down as joint head of the company.
Jim Hagermann Snabe, co-CEO of SAP, explains his surprising move from co-CEO to a non-executive role. He steps down in May.
*Move due in May 2014, leaving McDermott as sole CEO. FRANKFURT, July 22- German software maker SAP AG said co-Chief Executive Jim Hagemann Snabe would move to the company's supervisory board next May, unexpectedly leaving co-chief Bill McDermott alone at the helm. Also, its finance chief Werner Brandt is due to leave when his contract ends in June 2014.
“Memo to Carl Icahn and Michael Dell for that matter, walk away from Dell,” said Cramer.
If all you followed were Google and Microsoft, you might have reason to be depressed about earnings. But look a little beyond them and you'll cheer up.
European shares closed higher on Thursday afternoon, led by corporate earnings and strong jobs data from the U.S., which led stocks across the Atlantic to reach record highs.
Thus far, second quarter earnings have put in a mixed showing. Not great, but at least not a horror show.
*SAP and Ericsson lead tech sector down, mirroring Intel. Software maker SAP AG fell 3 percent to the bottom of Germany's DAX after it trimmed its revenue forecast, citing a slowdown in China and echoing U.S. chipmaker Intel late on Wednesday.
LONDON, July 18- European shares edged lower on Thursday, weighed down by the technology sector after a spate of disappointing company reports cast a pall over the nascent earnings season.
Slowing growth in China - the world's second largest economy - has hit second-quarter earnings for several technology firms with German firm SAP indicating that it has cut its outlook for its software revenue this year.
Jim Hagemann Snabe, Co-CEO of SAP AG, discusses why despite expecting a slowdown in China, they have reiterated their guidance, and their "leading role" in the U.S.
Jim Hagemann Snabe, Co-CEO of SAP AG, talks about quarterly results, the acceleration of the cloud business and data protection.
Federal Reserve Chairman Ben Bernanke Wednesday spoke to Congress about unwinding policy, and for the first time in a while his "taper talk" didn't make waves in markets.
Cramer's charitable trust sold its position in Oracle this week, "throwing in the towel" on the stock, while adding to its position in another name: Facebook. Here's why.
Bill McDermott, co-CEO of SAP, said that economic prospects, at least in the U.S., had improved.
Jim Hagemann Snabe, Co-CEO at SAP, explains how robust the Chinese market is for the software giant.
The market is turning against high growth stocks, so Salesforce.com must be bought with caution after its largest acquisition ever—ExactTarget, CNBC's Jim Cramer says.
Software maker Salesforce.com will buy marketing software provider ExactTarget for about $2.5 billion in cash.