AMD, Nokia, Harleysville are market movers

[September 30, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

• 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.

Nasdaq

• 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.

[Associated Press]

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