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Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, Sept. 12:

1. -- U.S. stock futures were pointing to a lower open for Wall Street on Thursday, following muted trading in Asia ahead of next week's Federal Reserve meeting.

European stocks were trading slightly to the downside. Japan's Nikkei 225 index declined 0.3%.

2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, export and import prices for August at 8:30 a.m., and the Treasury budget for August at 2 p.m.

3. -- U.S. stocks on Wednesday headed in different directions as investor disappointment in Apple's (AAPL) latest iPhone dampened the Nasdaq while gains by IBM (IBM) boosted the Dow Jones Industrial Average.

The tech-heavy Nasdaq dropped 0.11% to 3,725.01 as Apple shares fell 5.4% to $467.83.

The S&P 500 gained 0.31% to 1,689.13 while the Dow jumped 0.89% to 15,326.60.

4. -- Pandora (P - Get Report) appointed Brian McAndrews, a former executive at Microsoft (MSFT), to succeed Joe Kennedy as chairman, CEO and president, effective immediately.

McAndrews may bring a strong set of skills to Pandora, which appears to be at a turning point as the business grows its scale amid competitive threats from far larger technology firms such as Apple and Google (GOOG). Pandora also has yet to show investors it can be run profitably.

5. -- Yahoo! (YHOO - Get Report) CEO Marissa Mayer said Wednesday the Internet company now has about 800 million worldwide users, a 20% increase from when she joined the company 15 months ago.

6. -- Dell (DELL) shareholders are set to vote Thursday on the $24.8 billion deal that would allow founder Michael Dell to take the company private.

Meanwhile, Standard & Poor's Ratings Services on Wednesday lowered Dell's corporate credit rating to "BB-" from "BBB," dropping it out of investment grade, citing the continued effects of the slump in PC demand and the possibility the PC maker could soon go private.

7. -- The Federal Trade Commission said Wednesday that it had begun an inquiry into whether Facebook's (FB - Get Report) proposed new privacy policies, unveiled two weeks ago, violated a 2011 agreement with regulators.

Under that agreement, The New York Times reported, the social network is required to get the explicit consent of its users before exposing their private information to new audiences.
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