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.
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 ...
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.
McDonald's' decision to only buy chickens that have been raised �without antibiotics important to human medicine� is being hailed as a necessarily aggressive step to address the growing problem of antibiotic abuse in America's meat supply chain.
Yesterday, Chinese reporters discovered that Amazon had opened a store on rival Alibaba Group Holdings' BABA Tmall platform, a website for verified brands like Nike, Apple and P&G to sell to Chinese shoppers.