NEW YORK -- UBS (UBS) is close to an agreement to pay more than $1 billion to resolve allegations the Swiss bank tried to rig interest-rate benchmarks -- including the London interbank offered rate -- to boost trading profits, The Wall Street Journal reported, citing people briefed on the negotiations.
A settlement could be announced as early next week, the people told the newspaper.
Adobe Systems (ADBE), the software maker, posted fiscal fourth-quarter results on Thursday that topped analysts' expectations.The maker of Photoshop earned 61 cents a share on an adjusted basis in the quarter; analysts were looking for profit of 56 cents. Adobe said fourth-quarter revenue was $1.153 billion, up from $1.152 billion a year earlier; Wall Street was expecting revenue of $1.1 billion. Sprint's Clearwire Offer Raises New Spending Questions
VeriFone Systems (PAY) issued a forecast Thursday for the first quarter that was below Wall Street estimates. The electronic-payments company said it expects first-quarter adjusted earnings of 70 cents to 73 cents a share on revenue of $490 million to $500 million. Analysts are calling for first-quarter earnings of 75 cents a share on revenue of $498 million. Google's Page Dreams of a Bigger Internet of Things
AkzoNobel, the Dutch chemicals company, reached a deal to sell its North American decorative paints operations to PPG Industries (PPG) for $1.1 billion. AkzoNobel's North American business sells the Glidden paint brand. General Electric's Immelt Still Talks Like An Outsourcer
Retailer Quiksilver (ZQK) posted fiscal fourth-quarter results that were weaker than analysts' estimates.
-- Written by Joseph Woelfel
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