Author: Barbara Ortutay

NEW YORK – Adobe Systems Inc., the company whose software powers Flash animation and PDF documents, posted a sharp drop in its fiscal second-quarter profit and sales Tuesday amid weaker demand in the economic downturn. But the quarter’s revenue inched past Wall Street’s expectations, and adjusted earnings met those estimates as well as the company’s…

NEW YORK • Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit. The investment gives Digital Sky Technologies a nearly 2 percent stake in Palo Alto, Calif.-based Facebook’s preferred stock. Digital Sky won’t get…

NEW YORK – Alicia Istanbul woke up one recent Wednesday to find herself locked out of the Facebook account she opened in 2007, one Facebook suddenly deemed fake. The stay-at-home mom was cut off not only from her 330 friends, including many she had no other way of contacting, but also from the pages she…