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TheStreet Open House

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, March 11:

1. -- U.S. stock futures were pointing to losses on Wall Street Monday, potentially putting an end to the six-day winning streak for the Dow Jones Industrial Average.

European stocks were trading lower while Asian shares ended mixed. Japan's Nikkei 225 index rose 0.5% to close at 12,349.05.


2. -- The economic calendar in the U.S. Monday is bare.


3. -- U.S. stocks on Friday finished with gains and the Dow smashed through 14,400 for the first time during the trading session.

The Dow advanced 67.58 points, or 0.47%, to close at 14,397.07 on Friday, earlier spiking to an intraday high of 14,413.17. The blue-chip index surged 2.18 on the week.

The S&P 500 rose 6.92 points, or 0.45%, to 1,551.18. The index popped 2.17% for the week. The Nasdaq finished ahead by 12.28 points, or 0.38%, to 3,244.37. The tech-heavy index jumped 2.35% in the past five days.


4. -- Dick's Sporting Goods (DKS) is expected by analysts Monday to post fourth-quarter earnings of $1.06 a share on sales of $1.86 billion, up 16% from a year earlier..


5. -- Apparel retailer Urban Outfitters (URBN) is forecast to report earnings of 57 cents a share in the fourth quarter on revenue of $848.2 million.


6. -- AT&T (T) is considering buying a 25% stake in India's Reliance Jio Infocomm, a telecommunications venture controlled by billionaire Mukesh Ambani, for $3.5 billion, Reuters reported, citing the Times of India newspaper.


7. -- Two publishing industry groups, the Authors Guild and the Association of American Publishers, are objecting to Amazon's (AMZN) request for ownership of new top-level domain names that are part of a long-awaited expansion of the Web's addressing scheme, The Wall Street Journal reported.

The groups argue that giving Amazon control over such addresses, including ".book," ".author" and ".read," would be a threat to competition and shouldn't be allowed, the newspaper reported.


8. -- Berkshire Hathaway (BRK.A) will nominate investment manager Meryl Witmer of Eagle Capital Partners to the board, expanding the board to 13 members.

The news was first reported by Omaha World-Herald, which is owned by Berkshire Hathaway.


9. -- A study of Boston Scientific's (BSX) Watchman device, aimed at preventing strokes in people at high risk of them because of an irregular heartbeat, found the device is safer than previous testing found, but may not be better than a drug that is used now for preventing strokes, heart-related deaths and blood clots in people with atrial fibrillation over the long term, The Associated Press reported.


10. -- Hostess creditor Silver Point Capital in the last few days submitted a letter to Hostess' bankers expressing interest in buying all or part of the Hostess business, a source told The New York Post

Silver Point joins a growing list of suitors for Hostess, the bankrupt maker of Twinkies.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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