Bed Bath & Beyond peeled back the curtain on Wednesday, but then the shower rod fell down. The home goods retailer posted disappointing quarterly results for its fiscal second quarter, despite net sales that climbed by a better than expected 12%.
Adobe is No. 1 when it comes to arming publishers with the tools to stand out in cyberspace. Adobe Flash, Adobe Acrobat and Adobe Reader are everywhere. But there are big clouds on the horizon for the software company -- and one is the Cloud itself.
Digital media, wireless pay terminals, and fuel cell technology -- sounds like the ingredients for a plot to take over the world, or, at the very least, the stuff that will dominate high-tech headlines in the coming days. The five companies behind these technologies will loom large in the news this week. Here's what to watch.
Adobe Systems on Monday reported its first quarter of revenue above $1 billion. For its fiscal fourth quarter, the software company turned a profit of $269 million, up from a loss of $32 million in the same period last year.
Adobe's CEO talked up his company's independence and growth prospects in an interview with a German publication, dampening recent rumors of a possible merger with Microsoft.
Microsoft CEO Steve Balmer's not-so-secret meeting with Abode CEO Shantanu Narayen to discuss a joint battle strategy against Apple raised the tantalizing possibility of an Adobe buyout. That deal wouldn't just be good for Microsoft, it would be good for the future of the Web overall.
Among the day's top online stories for investors: suggested names for a merged Microsoft-Adobe, companies that most often beat their earnings estimates, and the legal suit against Madoff's sons.
On Friday, the Justice Department announced it had settled with six tech giants that had made anticompetitive agreements not to poach top employees from each other. That may have been an issue two years ago, but not now as a major talent war rages in Silicon Valley.
Adobe Systems's fiscal third-quarter earnings beat analyst expectations, but share prices plunged in after-hours trading after the largest maker of graphic-design software released lower-than-expected guidance for the fourth quarter.
Housing data is in the financial spotlight this week, along with an FOMC meeting, the leading economic indicators index and quarterly reports from a number of companies including Adobe, AutoZone and Lennar.
Did tech giants Apple, Intel, Google, and Adobe enter into "no-poach" agreements with each other? The Department of Justice is wrapping up its year-long investigation, which centers on whether such agreements may have kept wages artificially low.
It's been a rough year for those in the branding business at big corporations. SEC probes, massive product recalls and one monstrous oil spill have taken a toll on the reputations -- and stock prices -- of some major companies. Here are 10 of the biggest losers so far.
Some investors fear that new inflows of capital into Fortress may not be enough to turn the asset manager around. But Hilary Kramer says that its funds are close to their "high water marks" and the stock should soon start to rise.