• Adobe Systems (NASDAQ:ADBE) said it will purchased business software maker Omniture (NASDAQ:OMTR) in an all-cash deal valued at about $1.8 billion
• Best Buy (NYSE:BBY) projects comparable sales for the year will be flat to off 2%, up from its earlier projected drop of up to 5%. The firm raised its full-year guidance to $2.70 to $3.00 from $2.50 to $2.90, based on “increased optimism” for its second half
• EBay (NASDAQ:EBAY) shares rose 1.3% on an upgrade from Piper Jaffray
• Yahoo (NASDAQ:YHOO) shares gained 5.4% after Sanford Bernstein upgraded the shares to “outperform”
• Johnson & Johnson (NYSE:JNJ) lowered its bid for an 18.4% stake in Elan by $115 million to $885 million
• Kraft (NYSE:KFT) advised of plans to enter talks with Cadbury, and said the company does not need to sell operations to afford its $16 billion bid
• Citigroup (NYSE:C) sold $5 billion in 2- and 3-year bonds backed by the government, leading many to question the firm’s ability to reduce the US’ 34% ownership any time soon
• Rogers Corp (NYSE:ROG) raised its third quarter outlook
