Coty plans an IPO to raise up to $700 mil. The beauty products maker, known for OPI nail polish and celebrity fragrances, said in an SEC filing that it will list on NYSE or Nasdaq as "COTY." Founded in Paris in 1904, it is moving ahead with an IPO after earlier dropping a $10.7 bil offer for larger rival Avon (AVP), whose shares rose 4.9%.
Adobe Systems, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly …