NEW YORK (
) -- Here are 10 things you should know for Friday, May 24:
were pointing to a lower open Friday and signaling a third day of declines for the
as investors awaited a report on durable-goods orders.
Sentiment remained subdued as the market continued to ponder the possibility of a pullback in
stimulus and remained jittery about the state of China's economic strength.
in the U.S. Friday includes durable-goods orders for April at 8:30 a.m. EDT.
on Thursday closed lower after a choppy trading session, as investors worried the
would scale back stimulus and China could be headed for a slowdown.
closed down 0.29% to 1,650.51.
Procter & Gamble
is bringing back
as CEO of the consumer products giant in an effort to boost slow sales growth.
Lafley will replace CEO Bob McDonald, effective immediately. McDonald, who will retire June 30 after a transition period, has been CEO since 2009.
Lafley, who served as CEO of the company from 2000 to 2009, also was named chairman and president.
, the Internal Revenue Service supervisor whose agents targeted conservative groups, was placed on administrative leave from her position as the director for the agency's tax-exempt organizations division as of Thursday, according to lawmakers,
The Wall Street Journal
-- The Federal Trade Commission is in the early stages of an
into whether search giant
breaks antitrust law in how it handles some advertising sales,
reported, citing a source.
took a step closer to arranging $9 billion in committed financing for its $25.5 billion bid for
reported, citing people familiar with the matter.
, including Barclays Bank and Jefferies & Co., the people told the newspaper. Including about $2.6 billion it raised in bonds last week, Dish ow has raised close to $12 billion for the deal.
, the online radio service, on Thursday posted first-quarter revenue that topped expectations.
also topped Wall Street estimates as its mobile advertising sales accelerated and the company added more subscribers during the quarter.
and an outlook on Thursday that either only matched or came in below estimates as its efforts to strengthen its presence in marketing software appears to going more slowly than expected.
Abercrombie & Fitch
posted a first-quarter loss of 9 cents a share as sales fell 9% to $839 million.
Analysts expected the retailer Friday to post a first-quarter loss of 5 cents a share on revenue of $941.3 million.
-- Written by Joseph Woelfel
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