NEW YORK (
) -- Here are 10 things you should know for Thursday, Aug. 29:
-- U.S. stock futures on Thursday were pointing to a second day of gains on Wall Street after concerns over a military strike against Syria eased.
European shares were rising while Asian stocks finished the trading session higher. Japan's Nikkei 225 index rose 0.9%.
in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and the second estimate of second-quarter gross domestic product.
on Wednesday rose as concern eased about the potential magnitude of international military action against Syria.
gained 0.28% to close at 1,635.01 while the
Dow Jones Industrial Average
added 0.33% to finish at 14,824.51. The
rose 0.41% to 3,593.35.
confirmed Thursday it is in talks with
to sell its 45% stake in their joint venture,
The Wall Street Journal
reported Wednesday that the two companies had rekindled
in a deal that likely would cost Verizon well more than $100 billion. The
report cited people familiar with the matter.
Vodafone said Thursday there is no certainty an agreement will be reached.
Flat Rock, Mich., plant will start making the Fusion Thursday, the first time the car is being made in the U.S.
Ford hired a second shift of 1,400 new workers to make the Fusion at the plant, which also makes the Mustang.
The plant will be able to produce 350,000 Fusions a year, 30% more than Ford makes at its plant in Hermosillo, Mexico, according to
The Associated Press
is expected by Wall Street on Thursday to post fiscal fourth-quarter earnings of 42 cents a share on revenue of $1.84 billion.
-- One of
top Android executives,
, is leaving the company,
Barra's official title was vice president of product management for Android, and he was one of the more public faces of the mobile operating system. He is leaving for a job at Xiaomi, a fast-growing Chinese phone maker,
, the jeans maker, posted fiscal second-quarter profit and revenue that topped analysts' forecasts and it raised its earnings guidance for the full year.
Adjusted profit for the quarter was 52 cents a share and revenue rose to $639 million from $635.4 million a year earlier.
Analysts were expecting Guess? to post earnings of 36 cents a share on revenue of $622.9 million.
-- Hedge fund Karsch Capital Management is shutting down after 13 years, and
plans to return 95% of the fund's $1.8 billion in assets by the end of September.
The last 5% would be returned in January after the fund's audit,
Karsch's biggest investments included
-- Fast-food workers are set to stage walkouts in dozens of cities around the country Thursday, part of a push to get chains such as
to pay higher wages to workers.
It's expected be the largest nationwide strike by fast-food workers, according to organizers, the
Workers say they want $15 an hour, more than double the federal minimum wage, which many fast food workers make, of $7.25 an hour.
-- Written by Joseph Woelfel
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