Stocks inch forward

U.S. markets seek higher ground as investors consider individual corporate developments.

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February 22 2008: 9:32 AM EST

NEW YORK (CNNMoney.com) -- U.S. stocks edged higher Friday as investors focused on individual corporate developments.

The Dow Jones industrial average rose 0.2%. The Nasdaq composite index gained 0.3%. The Standard & Poor's 500 index was 0.3% higher.

In the news Friday:

MBIA: Deutsche Bank cut its earnings estimates for the bond insurer Friday, citing the company's recent capital raising efforts and their effect on earnings. Stock (MBI)

Starbucks: The coffee retailer said Thursday it has laid off about 220 support staff who worked at headquarters and in field operations - and will leave about 380 open jobs unfilled. Stock (SBUX, Fortune 500)

Huntsman: The chemical maker said Friday its fourth-quarter earnings plunged on costs related to several business sales. Stock (HUN, Fortune 500)

Mobile Mini: The maker of portable storage containers and mobile offices said Friday its fourth-quarter profit dipped 11%, hurt by higher costs and interest expenses. Stock (MINI)

Motorola: The handset maker says Paul J. Liska will become its new chief financial officer March 1, replacing acting Chief Financial Officer Tom Meredith. Stock (MOT, Fortune 500) To top of page
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .