SAP AG, the largest maker of business-management software, agreed to buy SuccessFactors Inc. for $3.4 billion in cash, stepping up competition with archrival Oracle Corp. in the cloud-computing market.
Hewlett-Packard Co. appointed former SAP AG Chief Executive Officer Leo Apotheker as CEO and president, turning to an external candidate who resigned from his last job in February after sales and profit slumped.
Last week, under questioning by a prosecutor, former McKinsey & Co. director Anil Kumar told jurors that he was pressured by Raj Rajaratnam to leak stock tips. This week, defense lawyers will try in cross-examination to depict Kumar as a “monstrous” liar.
When SAP AG changed leadership in 2010, the software maker had just been through its first major job cuts in 38 years, clients were upset with price increases, and analysts considered the company a takeover target.
For years, France sat on the sidelines while foreigners snapped up its most prized startups. So when Yahoo started circling Dailymotion, a smaller, French-born version of YouTube, the government put its foot down.
Leo Apotheker , Hewlett-Packard Co. ’s new chief executive officer, brings two decades of software expertise that may help the biggest computer maker add applications to hardware and step up rivalry with Oracle Corp.