Latest Business News: Adobe Systems Profit Beats Expectations as Creative Cloud Subscriptions Grow

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Latest Business News: Adobe Systems Profit Beats Expectations as Creative Cloud Subscriptions Grow

Latest Business News: Adobe Systems Profit Beats Expectations as Creative Cloud Subscriptions Grow
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Latest Business News: Adobe Systems Profit Beats Expectations as Creative Cloud Subscriptions Grow

Wochit 0:56 mins

Adobe Systems, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for the subscription-based version of its flagship software package. Shares of the company rose 4.4 percent in after-market trading. Federal Reserve Chairman Ben Bernanke will be pressed at his upcoming news conference to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows. Duke Energy Corp has turned to CFO Lynn Good, to take over as CEO when Jim Rogers steps down as part of a regulatory settlement linked to its $18 billion takeover of Progress Energy.

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