AMD, Nokia, Harleysville are market movers

AP News
Posted: Sep 29, 2011 4:43 PM
AMD, Nokia, Harleysville are market movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:


Advanced Micro Devices Inc., down 84 cents at $5.31

The chip maker cut its revenue and profit outlook for the third quarter due to manufacturing problems at a German factory.

Nokia Corp., up 22 cents at $5.77

The cellphone maker said it will cut 3,500 jobs and close a Romanian factory by 2012 in order to save costs and restructure.

Worthington Industries Inc., up 51 cents at $14.43 The Columbus, Ohio-based metal manufacturer said that its first-quarter net income rose 15 percent thanks to lower expenses.

H&R Block Inc., up 22 cents at $13.73

The tax preparer said it would end its EXPRESSTAX brand, which helped people file their taxes early and get refunds quickly.


Harleysville Group Inc., up $27.44 at $58.96

Nationwide Mutual Insurance said it will acquire the insurer for $1.63 billion in cash to expand its presence on the East Coast.

Insituform Technologies Inc., up 14 cents at $13.36

The pipeline repair company cut its 2011 earnings expectations and said it has started a restructuring program to reduce costs.

Umpqua Holdings Corp., up 79 cents at $8.90

The bank holding company, which owns Umpqua Bank and Umpqua Investments, said it will buy back $15 million of its shares.

NuVasive Inc., down $1.59 at $18.28

The medical device company said it will buy intra-operative monitoring provider Impulse Monitoring for $80 million.