Software buys back SAGA Systems for $360 million

Article Abstract:

Software AG announced that it will reacquire SAGA Systems Inc. for $360 million (418.1 million). Software was the previous owner of SAGA.

Prepackaged software, Computer Software, Software Publishers, Computer software industry, Software industry, Software, Software AG Americas Inc., Saga Systems Inc.

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Commerzbank seeks funds overhaul

Article Abstract:

Commerzbank AG, the No. 3 bank in Germany, is ready to sell its U.S. funds unit, Montgomery Asset Management, in order to obtain a partnership with a U.S. asset manager.

Investment advice, Investment Advisory Services, Investment advisers, Commerzbank AG, Montgomery Asset Management L.L.C.

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Deutsche Bank remains a retail laggard: corporate, investment arms generate bulk of earnings; talks held with Citigroup

Article Abstract:

Sixty-seven per cent of the pre-tax profits of Deutsche bank, in 2003, was from the corporate and investment banking businesses, whereas the highly profitable retail segment lagged behind, contributing only thirteen per cent. The idea of a merger with the Citigroup, to address the retail gap, is still at its nascent stage.

Commercial Banks, Sales, profits & dividends, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Banking industry, Company acquisition/merger, Company sales and earnings, Company earnings/profit, Citigroup Inc., C, Deutsche Bank AG (Frankfurt, Germany), DB

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