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SAP expects that full-year revenue growth will accelerate if currency exchange rates remain unchanged

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Tony Hayward will step down as chief executive of BP, the company announced Tuesday, amid ongoing outrage over the oil spill in the Gulf of Mexico.

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BP posted a massive quarterly loss of $17.2 billion Tuesday due to costs stemming from the Gulf of Mexico oil disaster.

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So just who is Bob Dudley, the man named Tuesday to replace Tony Hayward as BP’s chief?

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Investors are considering European stress test results, as stocks remain volatile, worries about a sluggish U.S. economic recovery persist and confidence in the euro zone and nations abroad increases.

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Most of Europe’s biggest banks passed stress tests aimed at shoring up confidence in the region’s economy, officials said Friday.

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European officials are issuing report cards following stress tests of 91 major banks.

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Federal authorities in Detroit charged a Michigan couple Thursday with stealing information about hybrid vehicle technology from General Motors and attempting to put it to use for a Chinese car company.

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If you’re looking to get in on the China growth train, be prepared to stomach the near-term risk.

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