stocks news

Adobe Systems Incorporated (Nasdaq:ADBE) today announced that its wholly owned subsidiary, Snowbird Acquisition Corporation, has commenced its tender offer for all outstanding shares of common stock, $0.001 per share par value, of Omniture, Inc. (Nasdaq:OMTR) at a price of $21.50 per share, net to the seller in cash, without interest.

Citi today announced that, as planned, it completed the previously announced exchange offers with private holders of convertible preferred securities and the previously announced matching exchange offer with the U.S. Government.

American International Group, Inc. (AIG) announced today that it has closed the previously announced public offering of 29.9 million shares of Transatlantic Holdings, Inc. (NYSE: TRH) common stock owned by AIG and its indirect subsidiary, American Home Assurance Company (AHAC) for aggregate gross proceeds of $1.136 billion.

Company’s Tier 1 Common Ratio at 7.3% as of 3/31/09; Would Remain Well in Excess of Government’s 4.0% Buffer Level Under More Adverse ScenarioTier 1 Capital of 11.4% as Of 3/31/09 (9.3% Excluding TARP) Also Would Remain Very Strong Under Government Scenario

Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced it has sold its remaining stake in LG Display Co., Ltd. (NYSE: LPL, KRX: 034220) to investors in a capital markets transaction.

Greenpeace today launched a new seafood campaign website, publishing its 'Red Grade' Criteria for Unsustainable Fisheries and Aquaculture.

Sirius Satellite Radio Inc. said Tuesday that it gave shock jock Howard Stern an $82.9 million stock bonus after the satellite radio service provider beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.

Google has invested $5 million in Shenzhen Xunlei Network Technology Ltd., a Chinese Website that helps users download videos from the Internet.