Shares of Apple Inc. (AAPL) are down slightly this morning on news that a significant number of Apple customers have been reporting crashed devices after attempting to upload them with the new iOS 9 operating system. Twitter (TWTR) was filled with tweets from upset customers reporting two distinct faults, with one appearing to be linked specifically to older models of Apple iPhones and iPads.
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Facebook, Inc. (FB) – The social networking giant plans to release a workplace version of its software by the end of this year, according to Julien Codorniou, head of Facebook at Work.
Facebook has been using a version of Facebook at Work internally for years.
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Adobe Systems Incorporated (ADBE) rallied $2.67 to $82.98 in early morning trading after it reported fiscal results for the third quarter.
In its quarterly report, the diversified software company said it earned $0.54 per share, well above the $0.50 per share analysts were expecting. Revenue rose 21.1% year-over-year to $1.22 billion, above views for $1.21 billion.
For the current fourth quarter, Adobe provided EPS guidance of $0.56 – $0.62 versus consensus of $0.64 per share. The company also issued revenue projection of $1.275 – $1.325 billion, compared to the consensus revenue estimate of $1.36 billion.
ADBE currently prints a one year return of 19.33% and a year-to-date return of 10.47%.
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Bank of America (BAC) – New York City’s $165 billion pension funds say they will vote to strip Bank of America CEO Brian Moynihan of his chairman’s title. BofA shareholders will vote Tuesday on a possible split of the chairman and CEO roles.
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