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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:50 EDTSAPSAP reduces jobs as company quickens software shift, Bloomberg says
SAP is poised for its first widespread employment reduction in more than four years as the company shifts to bringing more software online, according to Bloomberg, citing comments from company spokesman Jim Dever. An unidentified source noted that the cuts wouldn't number in the high thousands and would also not result in the company departing lines of business. Reference Link
News For SAP From The Last 14 Days
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May 5, 2015
12:05 EDTSAPSAP, IBM announce human resources partnership
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11:19 EDTSAPSAP CEO says 'zero interest' in Salesforce, Bloomberg reports
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May 4, 2015
16:34 EDTSAPBenefitfocus announces reseller agreement with SAP
Benefitfocus (BNFT) announced the signing of a reseller agreement with SAP (SAP). SAP will resell Benefitfocus Marketplace as the SAP U.S. Benefits Management application by Benefitfocus. Through this agreement, SAP will offer customers in the U.S. a powerful, end-to-end human capital management solution that improves benefits administration efficiency and platform user experience throughout the employee lifecycle.
11:49 EDTSAPSAP to host analyst and investor meeting
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06:26 EDTSAPSAP denies interest in buying Salesforce, Reuters reports
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May 1, 2015
16:26 EDTSAPSalesforce, SAP CEOs held strategy talks last year, Bloomberg says
Salesforce (CRM) CEO Marc Benioff and SAP (SAP) CEO Bill McDermott held strategy talks last year about potential strategic alliances, says Bloomberg, citing people familiar with the matter. The talks between the two CEOs included discussing a potential acquisition of Salesforce by SAP, added Bloomberg. Reference Link
16:05 EDTSAPSAP, Salesforce CEO's held talks last year, Bloomberg reports
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April 29, 2015
17:16 EDTSAPSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
14:58 EDTSAPSalesforce hires bankers after approach by potential buyer, Bloomberg says
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April 23, 2015
06:39 EDTSAPMedidata appoints Rouven Bergmann to CFO effective May 18
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