Market Roundup (F, ADBE, BA, GOOG, GILD, CELG, FSLR)

After the sales of Aston Martin, Land Rover and Jaguar, Ford F is now ready to transfer Volvo to Geely in a deal worth $1.8 billion. With this deal, the US automaker’s investment into European luxury brands will end. Ford Motor, whose stock has climbed 30% so far this year, has increased its focus on its own brands. Adobe Systems ADBE has added another enterprise software to its portfolio, with the purchase of $240 million-worth of Day Software, the Switzerland-based enterprise content management company. ADBE has been reshuffling the leadership in its enterprise unit ever since it bought Omniture last year in a deal worth $1.8 billion. During its earnings call, Boeing BA said that it is slashing its capital spending projections this year to $1.7 billion, from $1.9 billion. BA has shifted investment in a second Dreamliner assembly line to the next year and its next-gen jet is lagging in the schedule. Boeing said that it is working with its suppliers to ensure that production of the jet can be ramped up. As per a Bloomberg report, which ranked 118 S&P 500 companies that have never declared a dividend, Google GOOG is the top contender for issuing a dividend or initiating a stock buyback as its cash pile now exceeds $30 billion. Other companies that are close to Google in the list are Gilead Sciences GILD, Celgene CELG and First Solar FSLR. Read more from Benzinga's Markets.