Tech stocks increased on announced acquisition

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/FP

SuccessFactors shares increased over 50% to $39.71 following the announcement of the company's takeover by SAP AG, software developer, for $3.4 billion, or $40 a piece. Meanwhile, SAP AG shares lost 35 cents to $59.19. Other tech companies also experienced gains, Taleo Corp.'s shares increased by 18% to $39.04, Salesforce.com Inc. gained 5% to $125.97 and Oracle Corp. edged up 2% to $31.98.

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Tue, 06 Dec 2011 07:01:01 GMT

Car sales are likely to soar in 2012

The new sales of cars are expected to expand in 2012 as customers who postponed a car purchases last year are likely to return to the car market in the beginning of 2012, reported car-shopping website Edmunds.com. At least 100,000 deferred car purchases will return to car market by March 2012. Last week, car producers have already indicated strong sales in the US.

Tue, 06 Dec 2011 06:59:23 GMT

Budget on Olympics security rose to $1.6 billion

Budget of 2012 Olympics security in London almost doubled to $1.6 billion, according to Associated Press. However, the event did not exceed the budget framework, said Hugh Robertson, Olympics minister.  Initially, it was planned to have 10,000 security guards; however, now thousands of military staff are part of the games organization, said AP.

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