PHILADELPHIA COMPANIES - Software company SAP '08 net profit fell 2 percent - CNBC PHILADELPHIA COMPANIES - Software company SAP '08 net profit fell 2 percent - CNBC

Wednesday, January 28, 2009

PHILADELPHIA COMPANIES - Software company SAP '08 net profit fell 2 percent - CNBC

FRANKFURT, Germany - Software maker SAP AG said Wednesday its 2008 net profit fell, hampered especially in the second half of the year by the world financial crisis. The Walldorf-based company said net profit fell to euro1.89 billion ($2.49 billion in STOCKMARKET NEWS >

Rival Pfizer agreed to purchase the drugmaker for $50.19 a share in a cash and stock deal valued at about $68 billion. General Electric Co., up 39 cents at $12.42 S&P reaffirmed its AAA credit rating on the conglomerate despite recent trouble in its in STOCKMARKET NEWS >

TOKYO, Jan 28 (Reuters) - Japanese automakers are looking at an ugly third-quarter earnings season that will almost certainly include profit warnings from Nissan Motor Co (nasdaq: NSANY - news - people ) and others that have not updated their in STOCKMARKET NEWS >

LONDON ( -- U.S. stocks futures advanced Wednesday, lifted by stimulus hopes and earnings from Yahoo that weren't as dismal as had been predicted. At 4:48 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 in STOCKMARKET NEWS >

TOKYO (Reuters) -- Asian shares rose on Wednesday, helped by gains on Wall Street and a jump in banking and technology stocks, with Japan reversing losses as Tokyo Electron and other high-tech stocks climbed. In Europe, bookmakers expected leading in STOCKMARKET NEWS >

The market had its second straight moderate advance Tuesday, rising after companies including United States Steel Corp. and American Express Co. managed to post profits in a difficult recession. Financial stocks that were mostly higher also lent in STOCKMARKET NEWS >

SEOUL, South Korea (AP) - South Korean stocks rose sharply Wednesday as investors bet the country's memory-chip makers would benefit from the bankruptcy of a German rival. The Korea Composite Stock Price Index rose 64.58 points, or 5.9 percent, to 1 in STOCKMARKET NEWS >

The FTSE 100 broke through the 4,200 barrier this morning as banking stocks rose again. By 08:36 GMT, the index was up 1.57 per cent, or 65.997 points, to 4,260.38, led by a resurgent Lloyds Banking Group. The bank rose 19.97 per cent by 08:24, to 80 in STOCKMARKET NEWS >

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