The Traderszone Network

SAP Chief Executive Bill McDermott once again ruled out that his company has any interest in buying rival Salesforce.com and went further on Wednesday by saying that Salesforce is unlikely to be acquired by any other player in the industry. Speaking to reporters ahead of SAP’s annual meeting, McDermott was asked what would happen to his company’s own business if a rival like Microsoft acquired Salesforce. The SAP CEO bluntly replied that he did not think a merger would happen, by Microsoft or other rivals such as Oracle.

The IMF has warned France that it must reduce government spending and debt levels, as well as tackling its sticky unemployment rate.

Mario Draghi, president of the European Central Bank, is printing hundreds of billions of euros as part of his quantitative easing program, and it’s already blowing at least five asset bubbles, Matthew Lynn writes.
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Less than 48 hours after the official launch of the ECB’s celebrated PSPP Q€ initiative (or what we might call ‘Draghi’s descent into delirium’), we examined the program’s structure and noted that full implementation might prove challenging. Citi had already posited a scenario whereby the central bank may be forced to raise the issue cap on non-CAC bonds in the event sourcing enough purchasable assets in core countries proved difficult. Here’s what we said at the time:

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Less than 48 hours after the official launch of the ECB’s celebrated PSPP Q€ initiative (or what we might call ‘Draghi’s descent into delirium’), we examined the program’s structure and noted that full implementation might prove challenging. Citi had already posited a scenario whereby the central bank may be forced to raise the issue cap on non-CAC bonds in the event sourcing enough purchasable assets in core countries proved difficult. Here’s what we said at the time:

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French telecommunications group Altice said it agreed to buy Suddenlink Communications in a deal valuing the company at $9.1 billion.

The futures trader who stands accused of contributing to the stock market “flash crash” in May 2010 is due in court Wednesday.