Adobe Systems Inc. (ADBE) fell 4.2 percent to $33.05. The largest maker of graphic design software forecast lower profit than some analysts had projected, signaling that the new version of Creative Suite may not bring as much of a boost as anticipated.
Amazon.com Inc. (AMZN) decreased 0.9 percent to $183.88. The largest Internet retailer will buy Kiva Systems Inc., a material handling technology company, for $775 million in cash.
Michael Kors Holdings Ltd. (KORS) (KORS US) increased 2.7 percent to $46.55. The luxury-goods maker and retailer raised its forecast of fourth-quarter earnings excluding some items to a range of 14 cents to 16 cents a share, up from 10 cents to 12 cents.
Stifel Financial Corp. (SF) : The St. Louis-based financial-services company paid $13 million to settle a lawsuit with five Wisconsin school districts.
Targacept Inc. (TRGT) decreased 11 percent to $6.59. AstraZeneca Plc (AZN US) said it won’t seek regulatory approval of an experimental antidepressant licensed from Targacept after the compound failed in its last two late-stage studies.
Tiffany & Co. (TIF) gained 2.2 percent to $70.20. The world’s second-largest luxury jewelry retailer forecast 2012 earnings per share of at least $3.95, exceeding the average analyst estimate of $3.92. The company also estimated 2012 sales of $4 billion, beating the average analyst estimate of $3.9 billion.
Walt Disney Co. (DIS) dropped 1 percent to $43.01. The largest U.S. entertainment company said the box-office flop “John Carter” will lead to a quarterly operating loss of $80 million to $120 million for its film division. The film itself is forecast to lose about $200 million, Disney said in an e- mailed statement.
Williams Partners LP (WPZ) : The U.S. pipeline operator agreed to acquire a unit of Caiman Energy for about $2.5 billion to establish a “major footprint” in the natural-gas rich area of the Marcellus Shale.
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