*Expects third-quarter revenue $975 mln- $1.03 bln vs est $1.01 bln. *Forecasts adjusted earnings $0.29- 0.35/ share vs est $0.35. Adobe is the latest traditional software company to make a big bet on the cloud-based subscription model pioneered by companies such as Salesforce.com Inc, NetSuite Inc and Google Inc..
MINNEAPOLIS-- U.S. Bancorp is lifting its dividend 3.5 cents, to 23 cents, after receiving approval from the Federal Reserve. The Fed cleared the 18 percent dividend increase and the Minneapolis- based bank's plan to buy back $2.25 billion of its own stock in March after the lender passed a "stress test" to measure how it would fare in a recession.
Among the initial public offerings stories for Tuesday, June 18, from AP Business News:. _ RetailMeNot, a provider of online coupon codes for retailers, plans to raise up to $230 million from an initial public offering of its common stock.
June 18- Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
PROVIDENCE, R.I.-- An $8.2 billion state budget proposal is facing its first major test in the Rhode Island General Assembly, and school funding, business tax cuts and a proposal to default on debt relating to 38 Studios could be riding on the outcome. The House Finance Committee is scheduled to debate and vote on the budget proposal Tuesday.
BROOMFIELD, Colo.-- Noodles& Co. says it plans to offer about 5.3 million shares when it goes public, with an anticipated price of $13 to $15 per share. The Broomfield, Colo.- based fast-casual chain says it has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol NDLS.
The Austin, Minn., company said Tuesday that it now expects to post a 2013 profit of $1.88 to $1.96 per share, down from its previous prediction of $1.93 to $2.03 per share. Wall Street had been looking for per-share earnings of $1.99, according to FactSet. Hormel Foods Corp. makes a wide variety of products.
LOS ANGELES-- Korn/Ferry International said Monday that its fiscal fourth-quarter net income improved on better revenue for the staffing company. The company earned $12.2 million, or 25 cents per share, for the period that ended April 30. Korn/Ferry expects to make 26 to 32 cents per share in its fiscal first quarter on an adjusted basis.
NEW YORK-- Canadian drugmaker Valeant Pharmaceuticals International Inc. said Monday it will sell $1.75 billion in stock to help fund its acquisition of Bausch+ Lomb. It will pay $4.5 billion for the company and will spend another $4.2 billion to repay Bausch+ Lomb's debt.
NEW YORK-- Moody's Investors Service on Monday cut Service Corp. International Inc.' s corporate family rating to "Ba3" from "Ba2," citing the additional debt the company will take on to finance its acquisition of rival Stewart Enterprises Inc.. Moody's also on Monday reduced Service Corp.' s probability of default rating to "Ba3" from "Ba2."
NEW YORK-- Many small business owners are still finding it hard to get loans and credit, and that's creating problems for their companies, according to a survey released Monday by the American Sustainable Business Council.
Lincoln Chafee's call to cut business taxes will all be on the table Tuesday as an $8.2 billion Rhode Island budget proposal heads to a pivotal test in the General Assembly.
WEST CHESTER, Ohio-- AK Steel will likely post a larger-than-expected second-quarter loss, the company said Monday, citing the effects of a maintenance outage at one of its blast furnaces, on top of greater tax expenses. AK Steel also expects to record non-cash income tax expenses of about $11 million, or 8 cents per share, for the second quarter.
June 17- Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control. Google has had two classes of stock since it went public.
BROOMFIELD, Colo.-- The WhiteWave Foods Co. said Friday that it filed plans for a secondary offering of 29.9 million shares of its stock currently held by one-time parent company Dean Foods Co. The company has granted the option to underwriters to buy an additional 4.5 million shares of stock.
BIRMINGHAM, Ala.-- Coal miner Walter Energy Inc., said Friday it will not proceed with moves announced last week to refinance some of its debt. After the markets closed, Walter Energy said that it does not have any material debt principal payments due until 2015 and has no additional funding needs right now.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, and the coal miner's shares fell after the news. Walter's typically volatile shares dropped sharply after the news, falling 17.2 percent to $12.16 before they were halted pending news on the New York Stock Exchange.
NEW YORK-- Among the initial public offerings stories for Friday, June 14, from the AP Financial Desk:. Sources include Renaissance Capital, Greenwich, CT and SEC filings. -Diamond Resorts International Inc. filed paperwork Friday for an initial public offering of its stock.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, sending the coal miner's shares lower. The Morgan Stanley- led deal was pulled because of market conditions, the report said.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.