NEW YORK ( TheStreet) -- U.S. stock futures were signaling a higher start for Wall Street on Thursday rebounding from the previous session's declines after stocks were crushed by worries over Europe's deteriorating debt situation. European shares were in positive territory while Asian stocks ended with losses on Thursday. Japan's Nikkei 225 index fell 1.1% to 8,542.73, its lowest close since mid-January. The economic calendar in the U.S. on Thursday includes Challenger layoffs data for May at 7:30 a.m. EDT and the Automated Data Processing employment change report for the month at 8:15 a.m. Thursday also will see the usual weekly jobless claims numbers at 8:30 a.m. According to Briefing.com, the consensus calls for ADP to show an increase of 157,000 jobs, and for initial claims to come in at 368,000. US Airways ( LCC) and private-equity firm TPG Capital may team up to bid for AMR ( AAMRQ.PK), the parent of American Airlines, Reuters reported, citing people familiar with the discussions. Ciena ( CIEN), the networking equipment company, is expected by analysts Thursday to post a fiscal second-quarter loss of 3 cents a share on revenue of $447 million. Deutsche Bank is looking for a beat from Ciena on the top line with revenue of $450 million. Jury selection begins Thursday in a trial between Hewlett-Packard ( HPQ) and Oracle ( ORCL) to settle a dispute over a software contract. Oracle last year decided to stop making its database software for some HP server systems, The Wall Street Journal noted. The move involves HP servers that use Intel's ( INTC) Itanium processors. HP is going to trial to try to force Oracle to keep making software for the Itanium servers. TiVo ( TIVO) on Wednesday posted weak first-quarter results and second-quarter guidance. The digital video recording company posted a loss of 17 cents a share on revenue of $67.8 million. Service and technology revenue came in at $54.5 million. Analysts were expecting a loss of 15 cents a share on $54.89 million in service and technology revenue. For its fiscal second-quarter, TiVo said it expects service and technology revenue to be between $53 million and $55 million and projects a net loss of $28 million to $30 million. Analysts expect revenue of $56.5 million and a loss of $27 million. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.