NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, March 7:
1. -- U.S. stock futures were pointing higher Thursday ahead of monetary policy statements from the European Central Bank and the Bank of England.
The ECB is expected to keep interest rates unchanged, but a number of economists predict the BOE will approve an increase in its monetary stimulus program.
European shares were rising in early trading Thursday.Asian stocks ended the session mixed. Japan's Nikkei 225 index had its highest close in four years, rising 0.3% to 11,968.08.
2. -- The economic calendar in the U.S. Thursday includes weekly jobless claims, international trade data for January, and fourth-quarter productivity figures, all at 8:30 a.m. EST.
3. -- U.S. stocks on Wednesday finished mixed but the Dow Jones Industrial Average broke its record-high closing for a second-straight day after a better-than-expected ADP employment report. The Dow rose 42.47 points, or 0.3%, to close at 14,296.24. The S&P 500 rose 1.67 points, or 0.11%, to finish at 1,541.46. The Nasdaq closed off 1.76 point, or 0.05%, at 3,222.37.
4. -- Carl Icahn reportedly has acquired a stake of about 100 million shares in Dell (DELL), giving the activist investor a roughly 6% ownership in the PC maker. People familiar with the situation told CNBC that Icahn has met with advisers for Dell's special committee and urged them to pursue a leveraged recapitalization of the company, rather than the $13.65 a share leveraged buyout by Michael Dell and Silver lake that has been agreed to.
5. -- Time Warner (TWX) plans to spin off Time Inc., the magazine unit that publishes Time, Sports Illustrated and People, into a separate company. The spinoff likely will take place by the end of 2013.
6. -- The National Transportation Safety Board plans to issue an "interim factual report" at 11 a.m. Thursday on its investigation into a battery fire aboard a Japan Airlines Boeing (BA) 787 Dreamliner plane on Jan. 7, Reuters reported.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV