NEW YORK ( TheStreet) -- On Thursday morning, the weekly jobless claims number was released. It revealed a slight uptick compared to last week, climbing to 326,000.
TheStreet's Ruben Ramirez said the number was in line with economists' expectations. The result is still below the four-week average of 332,000.
A day after reporting disappointing earnings results, International Business Machines (IBM) announced that it would sell its low-end server business to Lenovo for $2.3 billion in cash and stock.
Ramirez explained that the deal gives Lenovo the opportunity to expand its business beyond corporate computers. Plus it gives IBM the chance to focus on other higher-margin businesses.Nokia (NOK), which sold its handset business to Microsoft (MSFT) last year, reported a decline in both basic mobile phones and smartphones in the fourth quarter of 2013, he said. Finally, United Continental Holdings (UAL) is lower on Thursday, after reporting better-than-expected earnings per share and revenue results. The company attributed the better results to higher fares and lower fuel costs.