Bloomberg Continental AG will scale back investments in traditional motor components and allocate more funds for hybrid and electric powertrains as the auto-parts maker prepares for the eventual decline of combustion engines. Europe’s second-largest component supplier will invest an additional 300 million euros ($326 million) to develop and expand its offering of electric- and hybrid-car technologies by 2021, the …

  Bloomberg America’s factories expanded less than forecast in April as measures of orders and employment pulled back, Institute for Supply Management data showed on Monday. Even with the retreat last month, the gauge remains well above the 51.5 average for all of 2016 and indicates healthy optimism among factory managers. The data show manufacturing is settling into a more …

  Bloomberg SAP SE’s sales topped analysts’ estimates for the fourth straight quarter, as business software spending grew, though the costs of transitioning to a web-delivered model weighed on profitability. First-quarter revenue rose 12 percent to 5.29 billion euros ($5.7 billion), SAP reported, compared with the 5.16 billion-euro estimate of analysts surveyed by Bloomberg. Operating profit, excluding share-based compensation, amortization …