International Business


Written by Libya Times    Thursday, 24 December 2009 15:53    PDF Print E-mail
Adobe buying Omniture for $1.8 billion

The maker of Acrobat software says the acquisition will help it "transform" online commerce.

adobeAdobe Systems went shopping on Tuesday. And it came home with a pricey find.
The software company said it is buying Web analytics firm Omniture for about $1.8 billion in an effort to make itself more competitive in the world of online commerce.
The maker Photoshop and Acrobat products said it will offer Omniture $21.50 per share in cash. That's a 24% premium to Omniture's Tuesday closing price of $17.32 per share. The deal is expected to close in the fourth quarter of Adobe's fiscal year.

Read more... Last Updated ( Thursday, 24 December 2009 15:54 )
 
Written by Libya Times    Wednesday, 21 October 2009 18:03    PDF Print E-mail
Consumer prices down 1.5% in past year

Walmart_exteriorKey measure of inflation up 0.4% on month-to-month basis, but annual measure remains lower.
A key index of consumer prices rose in August, but sank significantly over the past 12 months, the government said Wednesday.

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Written by Libya Times    Monday, 28 September 2009 00:00    PDF Print E-mail
Wal-Mart Stores

Retaining its spot as the largest company in the world, the retail giant spent the last year making strides toward becoming friendlier to its workers and the environment. Long derided for the limited health-care packages offered to its employees, the company focused on expanding its options. As of January, 93.7% of Wal-Mart’s U.S. employees had some form of health care, up from 90.4% last year.

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Written by BBC    Monday, 28 September 2009 00:00    PDF Print E-mail
Sweden's Ikea builds record sales

Swedish furniture giant Ikea enjoyed record sales of 21.5bn euros ($30bn; £19.1bn), despite slowing growth.
Ikea said sales for the year to 31 August rose by 1.4%, down from 7% growth in the previous year.
"It has been a challenging year in which we have had to adapt to changed market conditions," said Ikea's new chief executive Mikael Ohlsson.

Read more... Last Updated ( Thursday, 24 December 2009 15:46 )
 
Written by Libya Times    Monday, 28 September 2009 00:00    PDF Print E-mail
Bud is back ... on NYSE

After 10 months in Brussels, Anheuser-Busch InBev shares will start trading in New York Wednesday under its former symbol: 'BUD.'
Anheuser-Busch InBev NV shares will start trading in New York Wednesday, 10 months after Belgium's InBev acquired the iconic U.S. brewer and moved its primary listing to Brussels.
U.S.-listed shares, or American Depositary Receipts, of the world's largest brewer will trade on the New York Stock Exchange under the former Anheuser-Busch symbol "BUD" -- a nod to its Budweiser beer label.
Each ADR will represent one ordinary share of Anheuser-InBev common stock, which will continue to trade on Euronext Brussels under the symbol "ABI."

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