Dow Jones Newswires: SAP to cut nearly 3,000 Jobs, weighs Qualtrics stake sale
German software company said it would book most of 250 million euros to 300m euros ($272.9 million - $327.4 million) in restructuring costs in current quarter.
| Date: | Jan. 26, 2023 2:08 AM ET |
| Link: | Read more at MarketWatch |
| Source: | MarketWatch.com - Top Stories - marketwatch.com |
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SAP to cut 3,000 roles, explore sale of Qualtrics stake
SAP became the latest tech giant to announce significant layoffs, with plans to cut up to 3,000 jobs, or about 2.5% of its workforce.
Jan. 26, 2023 - US Top News and Analysis - Business -
SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale
Germany-based software company SAP says it's cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce
Jan. 26, 2023 - ABC News: Top Stories - Top stories -
Dow Jones Newswires: Remy Cointreau total sales fall, weighed by weak cognac revenue in the U.S.
A slowing U.S. economy weighed on overall sales for the French spirits group, though it reported a steep rise in shipments to China ahead of the Lunar New Year.
Jan. 27, 2023 - MarketWatch.com - Top Stories - Business -
Earnings Results: Qualtrics stock soars 30% after SAP says it will explore sale of stake
The software company announced fourth-quarter results and revenue guidance that exceeded analysts' forecasts.
Jan. 26, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: BYD shares fall after Warren Buffett again cuts stake in Chinese EV maker
Shares of BYD Co., the Chinese rival to Tesla, fell Tuesday after Warren Buffett further trimmed his holding in the company.
Jan. 9, 2023 - MarketWatch.com - Top Stories - Business -
SAP to Cut 3,000 Jobs After Profit Plunges
The German software company joined the ranks of tech companies announcing job cuts this year, following a 47% fall in net profit in the final quarter of 2022.
Jan. 26, 2023 - WSJ.com: WSJD - Tech -
SAP to Cut 3,000 Jobs After Profit Plunges
The German software company joined the ranks of tech companies announcing job cuts this year, following a 47% fall in net profit in the final quarter of 2022.
Jan. 26, 2023 - WSJ.com: US Business - Business -
Dow Jones Newswires: Baidu shares jump after BlackRock boosts stake
New York-based BlackRock, the world's largest asset manager, said in filings that it had raised its stake in Baidu to 6.6% at end of 2022, up from 5.4% a year earlier.
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Hennes & Mauritz swings to loss as higher costs, loss of Russian business weighs
The fashion retailer posted a net loss of 864 million Swedish kronor ($84.1 million) for the quarter ended Nov. 30, well short of forecasts.
Jan. 27, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Infineon profit nearly doubles as revenue climbs on strong demand for chips
Infineon's segment result, a key profitability metric, surged to EUR1.11 billion from EUR717 million, generating a margin of 28%.
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
IBM, Dow, SAP to cut thousands of jobs
Corporations are slashing headcount as they prepare for a slowing economy this year.
Jan. 26, 2023 - Home - CBSNews.com - Top stories -
Dow Jones Newswires: Volvo’s January car sales rise 2% from last year
Swedish auto maker Volvo Car AB said on Friday that it sold 48,520 cars in January, 2% up from the same period last year.
9 hours ago - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Roche profit misses forecasts, sees COVID-19 related sales decline ahead
For the year ahead, Roche expects a decrease in sales due to a previously announced CHF5 billion decline in Covid-19 product sales, it said
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Adani selloff worsens after cancellation of $2.5 billion share sale
Shares of Adani Enterprises were last down 8.8%, a day after the stock fell more than 28% in its biggest one-day loss since listing in 1998.
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Adani stocks extend losses after $2.5 billion share sale
The declines came a day after Adani won enough bids to pull off a $2.5 billion stock sale by Adani Enterprises.
Feb. 1, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Novartis posts lower sales and profit on generic competition, but boosts 2022 dividend
The Swiss pharma major posted net profit of $1.47 billion, down from $16.31 billion the year prior, when it benefited from the sale of its investment in Roche Holding.
Feb. 1, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: LVMH posts forecast-beating sales of $24.78 billion, sees further growth ahead
The mainstay fashion business, home to brands Louis Vuitton and Dior, again outperformed the wider group in the fourth quarter, booking 10% sales growth.
Jan. 27, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: J.D. Wetherspoon sales rise on year, but remain short of prepandemic levels
The U.K. pub operator UK:JDW said sales on a like-for-like basis for the half-year period ended Jan. 22 rose by 13%, though remained 0.7% below the equivalent period ending in January 2020
Jan. 25, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Alstom reports higher sales and orders and confirms full-year targets
Alstom said its result was helped by the performance of its services division, particularly in the U.K.
Jan. 25, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: ASML reports forecast beating profit of $1.96 billion on higher sales
The Dutch semiconductor-equipment maker NL:ASML ASMLsaid net profit for the period was 1.8 billion euros ($1.96 billion) compared with EUR1.77 billion for the fourth quarter of 2021.
Jan. 25, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: U.K. retail sales fell for second straight month in December, disappointing forecasts
Retail sales volumes fell 1% in December on month after dropping by a revised 0.5% in November, data from the Office for National Statistics showed Friday.
Jan. 20, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: U.K. house seller confidence stabilized in December, sales rose
Measuring more than 120,000 consumer responses, the property sentiment index found around 64% of interviewed sellers were confident they would carry out a property transaction within the next three months, up slightly from 63% in November.
Jan. 18, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Pearson full-year underlying sales rise 5%
The FTSE 100 education company UK:PSON said group underlying sales are expected to be 5% higher on year, with sales at its assessment-and-qualifications division--its largest business--up 8%, and up 24% at its English language learning division.
Jan. 18, 2023 - MarketWatch.com - Top Stories - Business -
Dow Jones Newswires: Burberry same-store sales miss forecasts due to China COVID disruptions
Comparable store sales rose 1% compared with the third quarter of fiscal 2022, below market expectations of 2%, according to the company's compiled consensus based on 14 different analysts' estimates.
Jan. 18, 2023 - MarketWatch.com - Top Stories - Business - China -
Dow Jones Newswires: Richemont sales slow due to tough comparisons, China COVID-19 disruptions
The Swiss luxury-goods group, owner of jewelers Cartier and Van Cleef & Arpels, made sales of 5.40 billion euros ($5.83 billion) in the three months to Dec. 31,
Jan. 18, 2023 - MarketWatch.com - Top Stories - Business - China