) -- Here are 10 things you should know for Thursday, Sept. 5:


-- U.S. stock futures were suggesting a higher start for Wall Street on Thursday amid positive economic news from the U.S., including strong auto sales.

European shares were rising. Asian stocks ended Thursday's trading session mostly higher. Japan's Nikkei 225 index rose 0.1%.


-- The

economic calendar

in the U.S. Thursday includes the Challenger Jobs Cut survey for August at 7:30 a.m. EDT, the ADP Employment Change index for August at 8:15 a.m., weekly initial jobless claims at 8:30 a.m., factory orders for July at 10 a.m., and the ISM Services index for August at 10 a.m.



U.S. stocks

on Wednesday finished higher as investors awaited indications about a U.S. military strike against Syria.


S&P 500

posted its biggest advance in two weeks, gaining 0.8% to 1,653.08, bolstered by the

Federal Reserve

which said summer spending on homes and automobiles helped provide "modest to moderate" growth, a trend that has also helped sustain this year's rally in equities.


Dow Jones Industrial Average

added 0.7% to 14,930.87 while the


jumped 1% to 3,649.04.


-- A Senate panel voted Wednesday to give President Barack Obama the authority to use military force against Syria in response to a deadly chemical weapons attack.

The vote Wednesday was 10-7, with one senator voting present. The full Senate is expected to vote on the measure next week.

The resolution would permit the president to order a limited military mission against Syria, as long as it doesn't exceed 90 days and involves no American troops on the ground for combat operations,

The Associated Press



-- Sweden's


, the world's largest maker of bearings, agreed to buy



for $1.25 billion in cash, to expand its operations in the U.S.

Kaydon is being acquired for $35.50 a share, a 22% premium to Kaydon's closing price on Wednesday of $29.10.

"We have followed the development of Kaydon for a long time. They have a strong product portfolio, strong management and a solid financial performance," SKF CEO Tom Johnstone said in a statement.




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unveiled the Toq smartwatch on Wednesday, the same day


unveiled its own smartwatch -- the Galaxy Gear -- in an event in Berlin.

Qualcomm's Toq can play music and handle phone calls and messages. Qualcomm said it would begin selling the device in the fourth quarter.

Samsung will begin shipping the $299 Galaxy Gear

smartwatch in September, ahead of a similar product expected from

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intends to run a fast auction process that could be wrapped up by November,

The Wall Street Journal

reported, citing people familiar with the matter.


BlackBerry announced in August that it had formed a special committee

of board members to "explore strategic alternatives," the smartphone maker has held preliminary talks with parties interested in buying part or all of the company, one of the people told the


BlackBerry has narrowed its list of potential bidders to seek out in a sales process expected to begin soon, the person told the newspaper.

People close to the process said that Canada Pension Plan Investment Board and Bain Capital are expected to consider bids, as well as some Asian tech companies including Chinese smartphone and computer maker


, the





VeriFone Systems


is expected by analysts on Thursday to post fiscal third-quarter earnings of 20 cents a share on revenue of $400.8 million.



Smithfield Foods'


$4.7 billion acquisition by

Shuanghui International

is likely to be cleared by the U.S. Treasury department, moving it a step closer to what would be the largest ever Chinese takeover of a U.S. company,

The Financial Times

reported, citing people familiar with the matter.

The Committee on Foreign Investment in the United States has signaled that it is leaning toward

clearing the deal

and the companies could learn of the committee's decision as early as Thursday, the people told the





Smith & Wesson


, the gun maker, is expected by Wall Street to report Thursday fiscal first-quarter earnings of 36 cents a share.

-- Written by Joseph Woelfel

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Joseph Woelfel

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