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Nokia comes back with a bang with a phone which is all set to blow every other phone out there, yes folks; I am talking about the very hip and happening Nokia Lumia 920. This is a phone which is the center of everyone’s attention these days and looks like it really has features that would wow us all away.

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SAN FRANCISCO Adobe Systems on Thursday reported a fiscal fourth-quarter profit of $ 222.33 million, or 44 cents a share, compared with a profit of $ 173.72 million, or 35 cents a share, for the year-earlier period. Revenue was $ 1.153 billion, up slightly from $ 1.152 billion. Adjusted profit was 61 cents a share. Analysts polled by FactSet on average were expecting a profit of 56 cents a share, on revenue of $ 1.1 billion. Shares of Adobe were up 1.8% in after-hours trading.

SAN FRANCISCO VeriFone Systems Inc. reported on Thursday a fiscal fourth-quarter profit of $ 27 million, or 24 cents a share, on $ 485.4 million in revenue, compared with earnings of $ 199 million, or $ 1.84 a share, on sales of $ 410.7 million, in the same period a year ago. Excluding one-time items, the provider of electronic-payment systems would have earned 76 cents a share and revenue of $ 489 million. Analysts surveyed by FactSet had forecast VeriFone to earn 76 cents a share on $ 496.7 million in sales. For its first quarter, VeriFone estimates it will [...]

SAN FRANCISCO VeriFone Systems Inc is set to pull back from the hot business of signing up small merchants to accept credit cards payments, reducing competition for start-up Square Inc and other companies that jumped into the space recently, according to two people familiar with the situation. VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants accept card payments through devices that plug into smart phones and other mobile devices. The move was a response to the success of Square, a start-up led by Jack Dorsey, [...]

LOS ANGELES Japanese stocks opened weaker Friday as the Bank of Japan’s tankan survey of business sentiment showed a worse-than-expected result for large manufacturers, although the yen’s drop to its lowest level against the dollar since late March helped limit losses. The Nikkei Stock Average traded 0.3% lower at 9,709.96, though off its opening lows, while the broader Topix edged down 0.1%. The downbeat result from the tankan appeared to weigh on some manufacturing names, with Olympus Corp. down 1.6%, TDK Corp. falling 1.2%, Honda Motor Co. lower by 0.7%, and Mitsubishi Motors Corp. losing 1.2%. Among the gainers, Sharp [...]

SHANGHAI The China release of its iPhone 5 on Friday should win Apple Inc some respite from a recent slide in its share of what is likely already the world’s biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China’s top telecoms carrier. Cupertino, California-based Apple has been in talks about a tie-up with China Mobile for four years. A deal with China’s biggest carrier is seen as crucial to improve Apple’s distribution in a market of 290 million users – which is forecast to double this year. China is Apple’s second-largest and fastest-growing [...]

SHANGHAI The China release of its iPhone 5 on Friday should win Apple Inc some respite from a recent slide in its share of what is likely already the world’s biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China’s top telecoms carrier. Cupertino, California-based Apple has been in talks about a tie-up with China Mobile for four years. A deal with China’s biggest carrier is seen as crucial to improve Apple’s distribution in a market of 290 million users – which is forecast to double this year. China is Apple’s second-largest and fastest-growing [...]

Adobe (ADBE) reported stronger-than-expected fourth-quarter profit and sales late Thursday as its new cloud service and subscription model continued to gain traction. The San Jose, Calif.-based software maker posted net income of $ 222.3 million, or 44 cents a share, compared with a year-earlier profit of $ 173.7 million, or 35 cents. Excluding one-time items, Adobe earned 61 cents, topping average analyst estimates of 57 cents in a Thomson Reuters poll. Revenue for the three-month period ended Nov. 30 was $ 1.15 billion, virtually flat from a year ago but beating the Street’s view of $ 1.1 billion. Adobe CEO [...]

SAN FRANCISCO VeriFone Systems Inc is set to pull back from the hot business of signing up small merchants to accept credit cards payments, reducing competition for start-up Square Inc and other companies that jumped into the space recently, according to two people familiar with the situation. VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants accept card payments through devices that plug into smart phones and other mobile devices. The move was a response to the success of Square, a start-up led by Jack Dorsey, [...]