Computer software maker Adobe Systems will shut its Chinese R&D arm, as U.S. technology firms face an increasingly hostile government.» Read More
Sept 16- Photoshop maker Adobe Systems Inc's forecast disappointing revenue for this quarter and reported lower quarterly sales at its digital media business, which includes the Creative Cloud software suite. The company said it expected adjusted profit of 26- 32 cents per share on revenue of $1.03 billion- $1.08 billion for the quarter ending November.
Sept 16- Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, hurt by lower sales at its digital media business, which includes the Creative Cloud software suite.
Check out which companies are making headlines after the bell Tuesday: Adobe, Apogee Enterprises & more.
Sept 16- Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday. Net income fell to $44.7 million, or 9 cents per share, for the quarter ended Aug. 29, from $83 million, or 16 cents per share, a year earlier.
Adobe is reporting Q3 EPS of $0.28 ex-items on revenue of $1.01 billion, with CNBC's Josh Lipton.
LONDON, Sept 16- New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.
U.S. stock index futures pointed to a lower start to trade on Tuesday, as investors awaited the start of the Federal Reserve meeting.
LONDON, Sept 16- Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.
Wall Street looked set for a lower open on Monday, ahead of the Federal Reserve's policy decision on Wednesday.
Markets are primed for the possibility the Fed will signal it's a step closer to normalizing its super low rate policy. Even so, trading may still be volatile.
Cramer thinks next week could be tough. “It’s not a bad idea to raise some cash,” he said.
Google, the world's largest Internet company by market value, is in the early days of its next big bet: education.
If Google had used a traditional IPO process when its stock debuted 10 years ago, it would have made less money, the Silicon Valley pioneer who crafted the deal tells CNBC.
A judge rejected a $324.5 million settlement Friday between tech workers and Google, Apple, Intel and Adobe over hiring.
GoPro is doing well for a small, young hardware company. The question is whether founder Nick Woodman can successfully grow the company from here.
Using the CNBC RQ 50 measure for R&D productivity, we've identified an elite group of companies that merit election to an R&D hall of fame.
Shantanu Narayen, President & CEO at Adobe Systems, says digital media and digital marketing are areas in which the firm is seeing "explosive growth."
SAN JOSE, Calif., June 19- A U.S. judge on Thursday said she had concerns about approving a $324.5 million settlement involving Apple, Google and two other tech companies in a lawsuit accusing them of conspiring to avoid poaching each other's workers.
*Amazon CEO Bezos unveils "Fire" smartphone; stock climbs. *FedEx shares hit all-time high after quarterly profit. "It's onwards and upwards for equities, especially after the Fed's announcements today," said Mike Arone, chief investment strategist for State Street Global Advisors' intermediary business in Boston.
Stocks climbed on Wednesday after the Federal Reserve continued to taper, and said the economy is rebounding.