2. -- The economic calendar in the U.S. Friday is bare.
3. -- U.S. stocks on Thursday slumped for a second straight day after jobless claims rose and data on general business conditions came in soft. The Dow Jones Industrial Average dipped 47 points, or 0.3%, to finish at 13,881. The S&P 500 shed 10 points, or 0.6%, to 1,502. The Nasdaq fell 33 points, or 1%, to close at 3,131.
4. -- Hewlett-Packard ( HPQ), the PC and printer maker, topped analysts' quarterly revenue and earnings estimates and delivered a better-than-expected outlook on Thursday. HP reported fiscal first-quarter revenue of $28.4 billion, down from $30 billion a year earlier but above Wall Street forecasts of $27.79 billion. Excluding items, HP earned 82 cents a share, down from 92 cents but well above the consensus estimate of 71 cents. Earnings also surpassed HP's forecast of 68 cents to 71 cents a share. For the second quarter, HP expects earnings, excluding items, of 80 cents to 82 cents a share. Analysts were looking for earnings of 77 cents. HP predicts full-year earnings of $3.40 to $3.60 a share, well above Wall Street's estimate of $3.32.
5. -- United Airlines ( UAL) said Thursday it was taking the grounded Boeing ( BA) 787 Dreamliner out of its flight plans through June 5, and postponed its new Denver-to-Tokyo flights. Investigators are still trying to figure out what caused a battery fire in one plane and forced the emergency landing of another plane last month. Boeing's 787s have been grounded since Jan. 16.
6. -- KKR & Co. ( KKR) submitted an offer of $75 a share for industrial machinery maker Gardner Denver ( GDI), Reuters reported, citing two people familiar with the matter. The offer puts KKR in place to buy Gardner Denver, after sources told Reuters that other private-equity bidders have dropped out of the bidding process. Gardner Denver shares closed Thursday at $67.47.
7. -- Abercrombie & Fitch ( ANF) is expected by analysts Friday to post fourth-quarter earnings of $1.96 a share on revenue of $1.49 billion.
8. -- Texas Instruments ( TXN), the chipmaker, boosted its quarterly dividend by 33% to 28 cents a share and said it plans to buy back $5 billion more of its stock.
9. -- Citigroup ( C) CEO Michael Corbat was paid $11.5 million in 2012, according to a Securities and Exchange Commission filing.
10. -- Earnings are expected Friday from Washington Post ( WPO), Charter Communications ( CHTR) and Interpublic Group ( IPG).
-- 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.