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Stock Market & Financial Investment News

News Breaks
September 17, 2013
18:13 EDTSI, SAPSiemens proposes SAP co-CEO Snabe join board, Bloomberg says
Siemens (SI) will propose naming Jim Hagemann Snabe, the co-CEO of SAP (SAP), to its supervisory board to succeed former Deutsche Bank (DB) CEO Josef Ackermann who will be stepping down, reports Bloomberg, citing people familiar with the matter. The report notes that SAP earlier this year said it would end its co-CEO structure next year. Reference Link
News For SI;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

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