Reports of North Korea artillery drill as US submarine makes South Korea port call

The port call by the USS Michigan came as a U.S. aircraft carrier strike group steams for Korean waters and as the top nuclear envoys from South Korea, Japan, and the United States met in Tokyo to discuss the North’s refusal to give up its nuclear program. Fears...

SAP core profit up 8 percent on acceleration in cloud product sales

SAP, Europe’s largest software company, reported slightly lower-than-expected first-quarter core profit as it sold more of its cloud products, which are less profitable. First-quarter operating profit, excluding special items, for the German software maker rose...