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Salesforce abandons pursuit of Informatica, source says

(Reuters) -Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a person familiar with the matter told Reuters on Sunday. If the two sides had agreed on a deal, it would've ranked as one of Salesforce's biggest acquisitions. Salesforce and Informatica did not immediately respond to requests for comment from Reuters. ....

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Salesforce (NYSE:CRM) Trading 0.1% Higher After Analyst Upgrade

Salesforce, Inc. (NYSE:CRM – Get Free Report) shares shot up 0.1% during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $350.00 to $360.00. Jefferies Financial Group currently has a buy rating on the stock. Salesforce traded as high as $279.70 and last traded at $270.59. 2,376,459 shares […] ....

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