Adobe Systems Inc., the largest producer of graphic-design software in the world, has announced a deal to purchase Omniture Inc. for $1.8 billion. Ominture’s focus is tracking website performance and measuring the effectiveness of online advertising campaigns.
Ben Bernanke, Federal Reserve Chairman, expressed confidence that the worst recession since the 1930s is almost over. In a speech before a Brookings Institution audience Tuesday morning Bernanke made the guardedly optimistic assessment that the economy likely had begun to grow again. He added that growth would be too slow to prevent unemployment from continuing to rise.
Switzerland overtook the United States as the most competitive economy in the world, according to the global competitiveness index released this week by the World Economic Forum (WEF).