NEW YORK (
) -- Here are 10 things you should know for Thursday, June 27:
-- U.S. stock futures were rising, suggesting Wall Street would book its third straight day of gains after growth in the U.S. was estimated to be weaker than expected, raising hopes that the
would delay plans to begin tapering its stimulus program.
European stocks were posting slight gains early Thursday. Asian shares rose. Japan's Nikkei 225 jumped 3% to close at 13,213.55.
in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, personal income and personal spending for May at 8:30 a.m., and pending home sales for May at 10 a.m.
on Wednesday rose and bond yields tempered as a worse-than-expected GDP report bolstered prospects for the Fed to maintain its monetary stimulus program.
jumped 1% to 1,603.26. The
Dow Jones Industrial Average
also added 1% to 14,910.14 while the
gained 0.9% to 3,376.22.
withdrew its offer to buy wireless network operator
for $4.40 a share.
last week raised its offer to buy the portion of Clearwire that it doesn't already own to $5 a share, and Clearwire's board recommended that shareholders accept the new offer. It had previously endorsed Dish's offer.
-- Food maker
is expected by Wall Street to report on Thursday fiscal fourth-quarter earnings of 59 cents a share on revenue of $4.6 billion.
, the athletic footwear and apparel company, is forecast to report fiscal fourth-quarter earnings of 74 cents a share on sales of $6.64 billion.
is in acquisition talks with two struggling Canadian mobile-phone carriers, according to multiple reports.
, a small wireless carrier in Canada, in preparation for talks over a possible deal,
The Wall Street Journal
reported, citing a person familiar with the matter. The person told the newspaper that Verizon executives have told Mobilicity that any talks with the company would be contingent on separate discussions now under way about a possible acquisition by Verizon of
, another small carrier in Canada.
-- The bidding for a one-hour power lunch with
at the Internet company's headquarters is up to $90,000 on 24 bids, according to a
San Francisco Chronicle
The bidding on Charitybuzz ends Thursday. Proceeds will benefit the Aspire East Palo Alto Charter School.
-- The initial public offering for
, a diversified industrial distribution company, was priced below expectations on Wednesday.
The 53.2-million-share offering of the Atlanta company was priced at $18; HD Supply had hoped the shares would be priced from $22 to $25.
-- South African President Jacob Zuma cancelled a trip to Mozambique on Thursday after visiting former leader
, who remains critically ill in a Pretoria hospital, the
A Zuma spokesman said the condition of Mandela, 94, had deteriorated "in the past 48 hours," the report said
Mandela, South Africa's first black president, has been in hospital since June 8 with a recurring lung infection.
-- Written by Joseph Woelfel
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