NEW YORK (
) -- Here are 10 things you should know for Friday, May 31:
were sinking Friday, pointing to a lower start on Wall Street as investors awaited another round of economic reports and pondered the
plans on stimulus.
in the U.S. Friday includes personal income and personal spending for April at 8:30 a.m. EDT, Chicago PMI at 9:45 a.m., and the final University of Michigan sentiment index for May at 9:55 a.m.
on Thursday rose after weaker-than-anticipated reports on U.S. growth and the housing market fueled sentiment the
will maintain its aggressive stimulus measures.
rose 0.37% to close at 1,654.41. The index is up 16% in 2013.
said it will delay a meeting scheduled for Friday to vote on
buyout offer of $3.40 a share, following a counter bid from
of $4.40 a share.
would reconvene on June 13. Meanwhile, the company said it would talk to Dish about its offer.
to help evaluate options for its entertainment business,
Hedge fund manager Daniel Loeb has proposed that Sony spin off up to 20% of its movie, TV and music division.
Procter & Gamble
four senior executives to new top roles, a move that would publicly identify candidates to succeed returned CEO A.G. Lafley, people familiar with the matter told
The Wall Street Journal
, the semiconductor company,
on Thursday and guided well above analysts' estimates.
For the first quarter of fiscal 2015, OmniVision said it expects earnings between 35 cents and 52 cents a share; it expects sales of between $355 million and $390 million. Analysts are looking for earnings of 28 cents a share on sales of $347.2 million.
Palo Alto Networks
, the business-technology provider,
and swung to a loss, amid what it called a "tough macroeconomic environment."
, a British travel company, agreed to buy 60 of
737 MAX jets with an option to buy 90 more planes.
TUI said it was buying the planes at a "significant discount" to the list price of $6.1 billion.
will join the Nasdaq-100 Index on June 6, replacing
-- Written by Joseph Woelfel
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