Ahead of the Bell: Adobe Systems

NEW YORK — Shares of Adobe Systems Inc. should have more room to climb following recently announced job cuts, a Jefferies & Co. analyst said Wednesday.

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Adobe to cut about 680 full-time jobs

NEW YORK — Adobe Systems said Tuesday it is cutting 680 full-time jobs, or about 9 percent of its work force, to align costs with its fiscal 2010 budget.

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Obama awards national science, technology medals

WASHINGTON — President Barack Obama linked scientific discovery to helping the struggling economy Wednesday as he honored those who invented batteries for implanted defibrillators, mapped the human genetic code and made global positioning systems possible.

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Sallie Krawcheck resigns from Dell board

ROUND ROCK, Texas — PC maker Dell Inc. said Tuesday Sallie L. Krawcheck is resigning from its board to focus more on her work at Bank of America Corp., which she recently joined as president of its global wealth and investment management division.

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ComScore, Omniture join up to measure audiences

NEW YORK — Two of the largest companies involved in tracking and analyzing Web traffic are joining forces to measure digital audiences more comprehensively.

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American Express, Adobe, General Mills big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

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SAN FRANCISCO - Adobe Systems is to buy internet services firm Omniture for $1.8 billion, the company said Tuesday. The deal will mark the biggest acquisition by Adobe since its $4.3-billion purchase of Macromedia in 2005.

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On the Call: Adobe CEO Shantanu Narayen

NEW YORK — Adobe Systems Inc. is planning to buy Omniture Inc., a Web analytic software company, for about $1.8 billion. The deal, announced Tuesday, comes nearly four years after Adobe paid $3.4 billion for Macromedia Inc. — the company behind now well-known Adobe products such the Flash online animation and video software. Adobe CEO Shantanu Narayen discussed Adobe's plans for Omniture during the company's fiscal third-quarter earnings conference call.

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Adobe to buy Omniture for $1.8B; 3Q profit slides

NEW YORK — Adobe Systems Inc. said Tuesday it will buy Web analytic software company Omniture Inc. for about $1.8 billion, giving the maker of content-creation software a way to let marketers measure the effectiveness of such content.

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