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)

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