The economic calendar in the U.S. Friday features personal income and spending data for May at 8:30 a.m. EDT; the Chicago purchasing managers index for June at 9:45 a.m.; and the final University of Michigan consumer sentiment read at 9:55 a.m.
Research In Motion ( RIMM) disappointed Wall Street Thursday with its fiscal first-quarter results. The BlackBerry maker reported a much wider-than-anticipated loss , pushed back the launch of the BlackBerry 10 until the first calendar quarter of 2013 and announced plans to lay off 5,000 employees, roughly 30% of its work force.
Anheuser-Busch InBev ( BUD), the world's largest brewer, confirmed Friday that it would buy the rest of Mexican brewer Grupo Modelo that it doesn't already own for $20.1 billion.
Nasdaq OMX Group ( NDAQ) may be forced by the Securities and Exchange Commission to upgrade its trading systems in the wake of the problems with last month's initial public offering of Facebook ( FB) , The Wall Street Journal reported.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.