U.S. Stocks Open Higher; H-P Boosts Dow -2-
02/22/2013| 06:56am US/Eastern
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Intuit Inc.'s (>> Intuit Inc.) fiscal second-quarter profit dipped 40% as the delay in the beginning of the U.S. tax season reduced revenue for its core tax-preparation business, which was partly offset by strong adoption of its online financial services.
H.J. Heinz Co.'s (>> H.J. Heinz Company) fiscal third-quarter earnings slipped 5.3% as the ketchup maker recorded a larger loss from from discontinued operations, though organic sales continued to improve in emerging markets.
Microsoft Corp. (>> Microsoft Corporation) and Nikon Corp. (>> NIKON CORPORATION) have signed a patent licensing agreement that covers certain Nikon cameras running Google Inc.'s (>> Google Inc) Android operating platform.
Mohawk Industries Inc.'s (>> Mohawk Industries, Inc.) fourth-quarter earnings rose 55% as the carpeting-and-flooring company saw revenue growth and wider margins. The company issued first-quarter guidance that missed analysts' expectations.
A Mondelez International Inc. (>> Mondelez International Inc) subsidiary is voluntarily recalling certain varieties of BelVita biscuits as they might contain fragments of metal mesh due to a faulty screen at a third-party facility.
Newmont Mining Corp. (>> Newmont Mining Corp) swung to a fourth-quarter profit as a large write-down weighed on the gold-mining company's year-ago results. Adjusted earnings topped analyst expectations.
Nordson Corp.'s (>> Nordson Corporation) fiscal first-quarter earnings rose 9.6% as the maker of dispensing equipment reported strong revenue growth with a boost from acquisitions last year.
Public Storage's (>> Public Storage) fourth-quarter profit rose 23% as the real-estate investment trust posted wider margins, although revenue missed analysts' expectations.
Regions Financial Corp.'s (>> Regions Financial Corporation) board has elected President and Chief Executive Grayson Hall to replace Earnest W. Deavenport Jr. as chairman, effective May 16.
Tenaris SA's (TS, TEN.MI) fourth-quarter earnings fell 10% as the Luxembourg-based steel-pipe manufacturer recorded impairment charges, masking wider margins.
Texas Instruments Inc. (>> Texas Instruments Incorporated) raised its quarterly dividend 33% and boosted its share buyback program by $5 billion as the chip maker looks to increase shareholder value.
Wausau Paper Corp. (>> Wausau Paper Corp.) said it will close its technical specialty paper mill in Brainerd, Minn., in the second quarter, as the paper-products company looks to focus on its tissue business.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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Stocks mentioned in the article :
Intuit Inc.,
Regions Financial Corporation,
NIKON CORPORATION,
Public Storage,
Texas Instruments Incorporated,
Wausau Paper Corp.,
Google Inc,
H.J. Heinz Company,
Mondelez International Inc,
Mohawk Industries, Inc.,
Microsoft Corporation,
Nordson Corporation,
Newmont Mining Corp
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