Thomas Becker News
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SAP AG, the largest maker of business-management software, projected a difficult market for its government business amid cuts in U.S. federal spending and China’s transition to a new leadership.
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Apollo Global Management LLC and C. Dean Metropoulos & Co. are seeking a $450 million covenant-light term loan to back their purchase of Hostess Brands Inc.’s snack- cake business, according to a person with knowledge of the transaction.
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Infineon Technologies AG named a new supervisory board chairman and chief financial officer in a move that may help to end internal quarrels at Europe’s second- biggest chip maker and assuage rebel shareholders.
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Intel Corp ., the world’s largest chipmaker, made proposals to the European Union to address antitrust concerns about its $7.68 billion purchase of McAfee Inc .
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German aid for car-plant projects by Bayerische Motoren Werke AG and Volkswagen AG face European Union probes amid concerns the subsidies may harm competition.
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Oracle Corp. won a $1.3 billion jury verdict against rival SAP AG , the world’s largest maker of business application software, for copyright infringement by a now-defunct software maintenance unit.
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German stocks gained as the economy shrank less than forecast, adding to signs it may avoid a recession, while sports retailers surged after Puma AG’s profit beat estimates.
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Software AG, Germany’s second- largest software maker, fell the most in a year in Frankfurt trading after it sold fewer software licenses in the first quarter than analysts estimated.
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German stocks plunged, sending the DAX Index down the most in five months, amid concern Greece’s debt crisis will spread to other countries in Europe.
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Infineon Technologies AG , Europe’s second-largest chipmaker, said it will pay its first dividend in a decade and plans a share buyback after fourth-quarter profit beat analysts’ estimates.
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