NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Sept. 4:
1. -- U.S. stock futures were mixed and European shares struggled for direction ahead of a European Central Bank meeting and a U.S. docket filled with economic data.
Asian shares ended Thursday's session lower. Japan's Nikkei 225 index fell 0.3%.
2. -- The economic calendar in the U.S. on Thursday includes the ADP National Employment Report for August at 8:15 a.m. EDT, weekly initial jobless claims at 8:30 a.m., the trade balance for July at 8:30 a.m., second-quarter nonfarm productivity and costs at 8:30 a.m., and the ISM Services index for August at 10 a.m.
The Dow Jones Industrial Average
Icahn, the billionaire investor, became Family Dollar's largest shareholder in June, when he disclosed a 9.4% stake in the deep discount retailer and pushed the company to sell itself, Reuters noted. At the end of July, Icahn disclosed he had reduced his position to 3.61%. 5. -- Electric carmaker Tesla (TSLA - Get Report) is finalizing terms of a deal to build its first lithium-ion battery plant in Nevada and will make an announcement about the deal on Thursday, according to multiple reports.
Tesla is working on the details, but all signs point to Nevada as the choice for the company's $5 billion "gigafactory," a source told Reuters. Nevada Gov. Brian Sandoval will hold a news conference on Thursday in Carson City, Nev., to make a "major economic development announcement," according to a media advisory from the state. Tesla spokesman Simon Sproule declined to give details to Reuters but confirmed Tesla officials would be at the event. 6. -- Michael Bloomberg is returning to lead the financial data and news company he founded in 1981 but left to serve three terms as New York mayor. The company, Bloomberg LP, said Wednesday that current CEO Daniel Doctoroff will step down at the end of the year. Doctoroff was a deputy mayor under Bloomberg. His departure makes way for Bloomberg to take back the helm of the company, of which he still owns more than 85%. Read More: Red Hat CEO Jim Whitehurst: We're Ready to Dominate the Cloud
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts