The economic calendar in the U.S. Friday features personal income and spending data for May at 8:30 a.m. EDT; the Chicago purchasing managers index for June at 9:45 a.m.; and the final University of Michigan consumer sentiment read at 9:55 a.m.
Research In Motion (RIMM) disappointed Wall Street Thursday with its fiscal first-quarter results. The BlackBerry maker reported a much wider-than-anticipated loss , pushed back the launch of the BlackBerry 10 until the first calendar quarter of 2013 and announced plans to lay off 5,000 employees, roughly 30% of its work force.
Anheuser-Busch InBev (BUD), the world's largest brewer, confirmed Friday that it would buy the rest of Mexican brewer Grupo Modelo that it doesn't already own for $20.1 billion.
Nasdaq OMX Group (NDAQ - Get Report) may be forced by the Securities and Exchange Commission to upgrade its trading systems in the wake of the problems with last month's initial public offering of Facebook (FB) , The Wall Street Journal reported.
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