SAP will cut over 2,200 jobs this year in activities where it sees no future, but plans to create others around cloud services and its HANA in-memory database offering, where it sees more potential.
The nation's largest banks appear to have the financial strength to survive a nightmarish world where unemployment soars, house prices plummet and Wall Street crashes, the Federal Reserve said on Thursday.
Apollo Global's Josh Harris made a fortune buying the tumbling debt of LyondellBasell during the credit crunch and taking control of the chemical giant in bankruptcy, Warren Buffett cut his largest-ever deals near the stock market nadir, and Pershing Square's ...
BP is to invest $12bn (�8bn) in gas fields in Egypt together with Russian-owned partner DEA, calling it a "vote of confidence" in the country.
John Sylan invented the K-Cup, the single-pod coffee container that accounts for a huge chunk of Keurig Green Mountain Coffee's sales.