Stocks to Watch: UBS, Adobe, VeriFone

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

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

More from Stocks

GM Defies Trump's Trade Outlook by Building New Chevy Blazer in Mexico

GM Defies Trump's Trade Outlook by Building New Chevy Blazer in Mexico

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Soars as OPEC Agrees to Boost Output

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Jim Cramer: Okta Is a Very Expensive Stock

Jim Cramer: Okta Is a Very Expensive Stock

Here's Why Tesla's Solar Shakeup Makes Sense

Here's Why Tesla's Solar Shakeup Makes Sense