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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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February 3, 2016
07:21 EDTSAPSAP to pay $3.9M settlement to SEC over Panama bribery charges, Reuters says
SAP will pay almost $3.9M to settle SEC charges related to a former executive's scheme to bribe Panama government officials in an effort to win technology contracts, Reuters reports. The SEC said that SAP's internal controls let Vicente Garcia, former vice president of global and strategic accounts responsible for Latin America sales, to pay $145,000 in bribes to a top Panamanian government official and offer bribes to two others in order to win contract orders, the report says. Reference Link
January 27, 2016
15:19 EDTSAPSAP to hold a capital markets day meeting
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January 26, 2016
09:03 EDTSAPSAP and Lenovo sign agreement to develop cloud solutions in China
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