Skip to main content

NEW YORK (

TheStreet

) -- Here are 10 things you should know for Thursday, March 21:

1.

--

U.S. stock futures

were pointing to a flat to lower open on Wall Street Thursday, pausing after the

Federal Reserve

pledged continued stimulus support and business activity appeared to have slowed in Germany, Europe's biggest economy.

European shares were trading lower. The European Central Bank on Thursday gave Cyprus a deadline of Monday on finding a solution to raising ¿5.8 billion in funds to meet requirements under a ¿10 billion bailout package after the Cypriot parliament rejected the proposal for levies on Cyprus bank accounts.

Asian stocks ended Thursday's session mixed. Japan's Nikkei 225 index rose 1.3% to 12,635.69.

2.

-- The

economic calendar

in the U.S. Thursday includes initial jobless claims at 8:30 a.m. EDT, existing-home sales for February at 10 a.m., and leading indicators for February at 10 a.m.

3.

--

U.S. stocks

on Wednesday closed higher as the

Federal Reserve's

policy-making announcement forecast a return to moderate economic growth and repeated its commitment to stimulate the economy by buying bonds and other securities.

The

S&P 500

rose 0.67% to 1,558.71 to end a three-day skid.

The

Nasdaq

closed up by 0.78% to 3,254.19 while the

Dow Jones Industrial Average

advanced 55.91 points, or 0.39%, to 14,511.73.

4.

--

The Federal Reserve left interest rates unchanged

Wednesday as it said the labor market is showing signs of improvement and suggested that the economy is returning to moderate economic growth.

5.

--

Oracle

(ORCL) - Get Free Report

, the business software maker, posted fiscal third-quarter earnings and revenue below analysts' estimates.

Oracle reported earnings

on Wednesday of 65 cents a share on revenue of $8.97 billion. New software licenses and cloud-software subscription revenue were down 2% to $2.3 billion. Analysts were looking for earnings of 66 cents a share on sales of $9.38 billion.

Total software revenue rose 4% to $6.67 billion, and hardware-systems revenue declined 16% to $1.24 billion. Services revenue fell 8% to $1.045 billion.

"Our non-GAAP operating margin increased to a Q3 record of 47%, and we expect it to reach an all-time high for the fiscal year," said Oracle President and Chief Financial Officer Safra Catz in a press release.

6.

--

Blackstone Group

(BX) - Get Free Report

, which is weighing an offer for PC maker

Dell

(DELL) - Get Free Report

,

is pushing to recruit Oracle President Mark Hurd

to be CEO of the Round Rock, Texas, company,

Reuters

reported, citing a person familiar with the situation.

7.

--

Nike

(NKE) - Get Free Report

is expected by Wall Street to report on Thursday fiscal

third-quarter earnings

of 67 cents a share on revenue of $6.23 billion.

8.

--

Hewlett-Packard

(HPQ) - Get Free Report

kept its board intact, despite an effort at the company's annual meeting Wednesday to oust its two longest-serving directors, John Hammergren and G. Kennedy Thompson, following recent questionable acquisitions.

9.

--

Micron Technology

(MU) - Get Free Report

is expected by analysts Thursday to post a fiscal second-quarter loss of 19 cents a share on revenue of $1.92 billion.

10.

--

Jabil Circuit

(JBL) - Get Free Report

, the contract electronics manufacturer, said Wednesday that fiscal second-quarter earnings fell 9% to $88.5 million, or 43 cents a share, from year-earlier profit of $97.7 million, or 46 cents a share.

Adjusted earnings in the quarter were 53 cents a share on revenue of $4.42 billion.

Analysts were looking for profit of 54 cents a share on revenue of $4.39 billion.

-- 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.