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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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