Stock Futures Looking Higher After HPs Upside Surprise
The benchmark 10-year Treasury was decreasing 2/32, boosting the yield to 1.987%. The dollar was up 0.07%, according to the
In corporate news, United Airlines (UAL) said on Thursday that it would delay the grounded Boeing (BA - Get Report) 787 Dreamliner from flying any routes through June 5, and it postponed a new Denver-to-Tokyo flight. On Thursday, United Airlines shares dropped 0.65%, while Boeing ticked up 1.6%.
KKR & Co. (KKR) submitted a $75 a share offer for industrial machinery maker Gardner Denver (GDI), according to a Reuters report. KKR gained 3.1% during after hours trading on Thursday, while Gardner Denver popped 4.9% in the same session.
Abercrombie & Fitch (ANF) reported earnings on Friday of $1.95 a share on revenue of $1.47 billion. Concensus among analysts forecast the clothing retailer would post fourth-quarter earnings of $1.96 a share on revenue of $1.49 billion. Shares of the company were down 1.9% in premarket action on Friday.Texas Instruments (TXN) increased its quarterly dividend by 33% to 28 cents a share, and said it planned to buy back $5 billion of its stock. The chipmaker's stock was climbing 2.5% in premarket trading. A Securities and Exchange Commission filing showed new Citigroup (C - Get Report) CEO Michael Corbat received pay of $11.5 million in 2012. Shares of the company were rising more than 1% on Friday morning. Charter Communications (CHTR) was expected to report a fourth-quarter loss of 28 cents a share on revenue of $1.91 billion, which would be up 4% from a year ago. Shares of the cable company lost 1.2% on Thursday. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
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