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Stock Market & Financial Investment News

News Breaks
June 12, 2014
05:34 EDTINFY, SAPInfosys to appoint Dr. Vishal Sikka as CEO, promotes U.B. Pravin Rao to COO
The Infosys (INFY) board announced the selection of Dr. Vishal Sikka as CEO and Managing Director of the company. Dr. Sikka will be inducted as a whole-time director of the board and CEO & MD on June 14. He will take over as CEO & MD from S. D. Shibulal on August 1. The board has also elevated U.B. Pravin Rao, president and whole-time director, as COO, with effect from June 14. Dr. Vishal Sikka was, until recently, a member of the executive board of SAP AG (SAP).
News For INFY;SAP From The Last 14 Days
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August 20, 2014
09:09 EDTINFYFairchild Semiconductor volatility expected to move on deal report
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August 19, 2014
05:29 EDTSAPSAP invests $500M in Africa
SAP announced a seven-year plan to up-skill local African talent and drive sustainable innovation and growth in Africa. With more than 1,300 customers across the continent, SAP is already enabling African businesses and governments of all sizes to grow, scale and globalize, as well as make the transition to a networked, technology-driven innovative economy. As part of this commitment, SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.With the vision of helping make Africa run better and improve the lives of Africans, SAP plans to invest up to $500M through 2020 as it continues to build on the region's impressive double-digit growth rate momentum. The goal is to establish the African region as one of the company's top-five growth markets globally. Much of the direct investment will be outside South Africa, where SAP already has a solid footprint.
August 18, 2014
09:06 EDTSAPSGI opens new German subsidiary
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August 14, 2014
10:05 EDTINFYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
07:41 EDTINFYInfosys downgraded to Hold from Buy at Jefferies
Jefferies downgraded Infosys last night to Hold citing valuation and a lack of near-term catalysts for revenue growth. The firm lowered its price target for shares to $59 from $60.
August 13, 2014
16:05 EDTINFYInfosys downgraded to Hold from Buy at Jefferies

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