The economic calendar Friday in the U.S. features the final read on consumer sentiment for February from the University of Michigan at 9:55 a.m. EST, and new-home sales for January at 10 a.m.
Apple ( AAPL) was sued in California by the Chinese company that claims it owns the iPad name. Proview Electronics filed a lawsuit against Apple's use of the trademark in mainland China. Proview accuses Apple of employing deception when buying the trademark.
Volkswagen, the world's second-largest automaker, said Friday that earnings in 2011 more than doubled as revenue rose almost 26% to €159.3 billion. Volkswagen earned €15.41 billion ($20.5 billion) in 2011, up from €6.84 billion the previous year. Operating profit rose 58% to €11.27 billion, below the average estimate of €11.36 billion in a Reuters poll.
J.C. Penney ( JCP), the department store giant, is expected by analysts Friday to earn 68 cents a share on revenue of $5.5 billion.
Newmont Mining ( NEM) is seen posting profit of $1.27 a share on revenue of $2.74 billion.
-- Written by Joseph Woelfel