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

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

React to this article
Latest news
Date Title
<1m ago GRINDEKS : On JSC “Grindeks” financial results for nine months of 2014
<1m ago KAZAX MINERALS : Now Owns 99.99% Interest in the Lomonosovskoye Project
1m ago Intesa says Coutts international arm less valuable than whole group
1m agoDJUnit of Hungary Nuclear Power Plant Gets Extended Life
1m ago Brent hits four-year low after OPEC, dollar gains
2m agoDJIreland Urges ECB to Launch QE
2m ago INCREASING MERGERS & ACQUISITIONS WILL BOLSTER THE GLOBAL TABLET DRAM MARKET FROM 2014 TO 2018 : TechNavio
2m ago LBMA takes stake in gold, platinum, palladium benchmarks
3m ago Line blurring between physical and online retail - Kercheval
3m ago UNITECH CORPORATE PARKS : Proposed Initial Cash Return - B Share Scheme
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Currys PC World stands poised for one order every second on Black Friday
AUGEAN : Chairman Buys 55,000 Shares (DIRECTOR DEALINGS)
MJ GLEESON : Expects Results To Beat Expectations On Strong Homes Unit
VRINGO : Announces favorable ruling in the uk high court of justice
PROXAMA : In Final Stages For Proposed Aconite Acquisition (ALLISS)
Most Read News
1d ago WHOLE FOODS MARKET : Jordan named president of Whole Foods’ Rockies division
1d ago GLENCORE : invests in Congo hydropower as solution to blackouts
1d ago SIMON PROPERTY : May Be Looking to Buy Macerich, Recent Transactions Indicate
1d ago MACERICH : 10 Must Reads for the CRE Industry Today (November 20, 2014)
1d agoDJOPEC Leaves Production Target Unchanged
Most recommended articles
1m agoDJUnit of Hungary Nuclear Power Plant Gets Extended Life
1m ago Brent hits four-year low after OPEC, dollar gains
2m agoDJIreland Urges ECB to Launch QE
2m ago LBMA takes stake in gold, platinum, palladium benchmarks
3m ago Line blurring between physical and online retail - Kercheval
Dynamic quotes  
ON
| OFF