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Morning Briefing: 10 Things You Should Know

7. -- BP (BP), the U.K. energy giant, said Friday it would repurchase $8 billion of its shares, distributing to shareholders some of the proceeds from the sale of its stake in its Russian unit, TNK-BP, to OAO Rosneft.


8. -- Micron Technology (MU - Get Report) posted a loss in its fiscal second quarter of $286 million, or 28 cents a share, as revenue rose 3% to $2.08 billion.

Analysts were looking for a quarterly loss of 20 cents a share on revenue of $1.92 billion.


9. -- Acura, the luxury brand of Honda (HMC), is voluntarily recalling 76,000 model-year 2004-2008 TSX sedans in 22 states and Washington, D.C.

The recall, for cars in mostly cold-weather states, is being made because corrosion could cause the cars to stall.


10. -- Harvard, the No. 14 seed in the West region, beat No. 3 New Mexico on Thursday, 68-62, in the first big upset of the NCAA tournament.


-- 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.
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