Symantec Corp., the biggest maker of antivirus software, advanced to the highest price since 2008 after reporting fiscal third-quarter sales and profit that beat estimates, aided by strong demand for data-management tools.
Adobe Systems Inc. is making its first big foray into subscription-based software, testing a business model that is designed to attract new users and stabilize revenue growth after years of uneven results.
Symantec Corp., the world’s largest maker of computer-security software, ousted Chief Executive Officer Enrique Salem and passed the reins to Chairman Steve Bennett, saying the company wasn’t performing well enough.
At 8 a.m. on Jan. 10, Takumi Shibata, chief operating officer of Nomura Holdings Inc., walked into the firm’s London boardroom overlooking the River Thames to try to salvage the 2008 acquisition of the European and Asian units of bankrupt Lehman Brothers Holdings Inc.
Symantec Corp., the world’s biggest security-software maker, rose the most in three months after forecasting sales that topped analysts’ estimates as large businesses bought more antivirus and encryption tools.