Enterprise software provider SAP lowered its earnings outlook for this year, even as it reported a 15% increase in third-quarter net profit, boosted by growth in subscriptions for its cloud-based software products.
Philips said it swung to a net loss for the third quarter because of a production suspension at one of its health-care plants and a €366 million legal provision.
Denis McInerney, a lawyer recruited to oversee the Justice Department’s fraud section after the financial crisis, is returning to private practice at Davis Polk.
Australia’s government said it aims to raise as much as $4.82 billion through an initial public offering of the country’s biggest health insurer.
IBM will pay Globalfoundries $1.5 billion to take over IBM’s semiconductor operations.
Apple Inc. on Monday will begin its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
Gay-marriage foes claim a San Francisco-based appeals court is biased in favor of gay-rights proponents. Another court ruled that a pregnant unwed mother can’t use Facebook alone to notify the father she is pregnant.
Pilots of German carrier Deutsche Lufthansa will go on strike again Monday in their ongoing dispute over retirement benefits.
Brad Pitt’s World War II drama took in $23.5 million, leading a cluster of weak debuts for several new films.
Sears Holdings received an injection of $169 million from its CEO Edward Lampert’s hedge fund this week, as the fund bought some of the struggling department store company’s shares in Sears Canada.
German union Vereinigung Cockpit said it has called Deutsche Lufthansa AG pilots to expand their strike to some long-haul flights on Tuesday.
Qatar’s sovereign-wealth fund is buying around a fifth of Lifestyle International Holdings for $616 million, making a play for department stores that are popular with mainland Chinese shoppers.
Rainmaking attorneys at troubled law firms are tempting targets for poaching. But raids of key lawyers or practice groups can further destabilize struggling firms.
At London’s Frieze Art Week, Christie’s, Sotheby’s and Phillips logged solid auction results overall, but critical tests of some deceased or older contemporary artists were mixed.
A defamation suit against Walgreen by its former CFO paints a picture of the rough and tumble maneuverings inside a company grappling with disappointing earnings, activist hedge funds and a major deal.
Mick Davis, who built two mining giants in the past two decades, is entering the fray again as companies such as BHP Billiton and Anglo American look to sell off assets.
Multiplex movie chains are more frequently gaining exclusivity of new releases in certain areas, shutting out independent theaters.
Nearly six years after its near-death experience, Ally Financial Inc. is nearly out from the U.S. government’s clutches, and taxpayers are earning a profit of more than $1 billion as the firm heads out the door.
The Mexican unit of Wal-Mart Stores said its chief executive plans to step down in 2015, as Wal-Mart struggles to boost sales and customer traffic in one of its largest international markets.
U.S. regulators and aviation industry leaders issued the most detailed plan yet for implementing air-traffic control upgrades over the next few years, with eight carriers agreeing to invest in onboard computer technology.
Animal nutrition and fish feed company Nutreco NV said it agreed to a €2.69 billion ($3.43 billion) takeover offer from Dutch conglomerate SHV Holdings NV.
The market for business aircraft is slowly growing again, bolstered by cautious optimism that global economic activity will continue, according to a new industry forecast.
California is hoping to conjure some real-life jobs in the smoke-and-mirrors world of visual effects for movies and television shows—part of the state’s latest attempt to win back its most famous industry.
Tesoro Logistics is buying a natural-gas pipeline and processing business owned by QEP Resources in a $2.5 billion deal, the companies said late Sunday.
An investor group from Hong Kong and Abu Dhabi is launching a bid to buy Reebok from Adidas in a move that would unwind a disappointing eight-year marriage of sneaker makers.
Brazil’s President Dilma Rousseff said Saturday that there was embezzlement at government-controlled oil producer Petrobras.
Syngenta AG faces escalating legal battles over its sale of genetically engineered corn seeds that some farmers and agricultural companies say have roiled international grain markets this year.
A flock of U.S. airlines is expected to report strong quarterly profits on Thursday, following the lead of Delta Air. Carriers’ share prices, however, have been battered by concerns over everything from a global economic slowdown to Ebola.
Industrial action by train drivers over higher wages and shorter working hours has caused a severe reduction in rail services on a busy weekend and led to widespread criticism of the drivers’ union.
Google’s search-advertising business, the money machine that made the company one of the world’s most valuable, may be slowing as alternatives like Facebook grab more marketing dollars.