Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Stocks Open Higher; H-P Boosts Dow -2-

02/22/2013 | 06:56am US/Eastern
Recommend:
0

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news
Date Title
<1m ago TELKOM SOC : first FTTH suburbs live by end-2014
<1m ago TELEFONICA : ICE, Telefonica amongst those linked with possible Hondutel investment
<1m ago CITIGROUP : August PMI suggests easing policy bias to stay
<1m ago M Dream Inworld (08100) to change name to "GET Holdings"
<1m ago CHINA GALAXY SECURITIES : CGS completes Rmb2.4bn short-term subordinate bonds issue
<1m ago LEE PHARMACEUTICAL : Pharm to change board lot size to 500 shares
<1m ago BHARTI AIRTEL : All four cellcos fined by regulator
<1m ago SKT, KT and LG Uplus reduce new mobile customer registration charges
<1m ago MOODY : Fosun's weak performance pressures credit profile - Moody's
<1m ago UOB KAY HIAN : UOBKH lowers China BlueChem to HK$5.3
Latest news
Advertisement
Hot News 
CORRECT : Dixons Carphone Confirms Long Term Deal With Vodafone
CRANEWARE : Issue of Consideration Shares
FINTECH : announces new CEO and designated Chairman (DGAP News)
ASCENT SOLAR TECHNOLOGIES : Announces New Common Stock Investment of $8.0 Million Led by Largest Shareholder, TFG Radiant Investment Group
VISLINK : Chairman Buys 95,157 Shares (DIRECTOR DEALINGS)
Most Read News
1d ago FORMFACTOR : Raises Third Quarter Guidance Range
1d ago STUART OLSON : announces sale of Broda Construction
1d ago MEDICINOVA : to Present Data on MN-001 (tipelukast) for the Treatment of Idiopathic Pulmonary Fibrosis (IPF) During the 18th International Colloquium on Lung and Airway Fibrosis (ICLAF)
5h ago MANCHESTER UNITED : Van Gaal Speaks on Di Maria Injury
1d ago EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
Most recommended articles
1d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
4d ago S&P 500 edges up to set new record; best month since Feb
1m agoDJAutoZone to Acquire Interamerican Motor
2m ago UK to deliver budget statement on December 3 - Osborne
8m ago Futures point to higher open for TSX
Dynamic quotes  
ON
| OFF