Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, March 28:

1. -- U.S. stock futures were pointing to a slightly higher open on Thursday as uncertainties over the reopening of Cyprus' banks weighed on investors' minds ahead of the forecasts for economic data from the United States.

European markets were rising on Thursday. Asian markets closed lower.


2. -- The economic calendar in the U.S. Thursday includes initial jobless claims at 8:30 a.m. EDT, the third estimate of fourth-quarter gross domestic product at 8:30 a.m., and Chicaho PMI for March at 9:45 a.m.


3. -- U.S. stocks on Wednesday closed near the flatline as U.S. housing demand outpaced supply and worries about Cyprus lost steam.

The S&P 500 closed down 0.06% to 1,562.85, near its all-time high of 1,565 set in October 2007.

The Dow Jones Industrial Average lost 0.23% to 14,526.16 while the Nasdaq gained 0.12% to 3,256.52.


4. -- BlackBerry ( BBRY) reported a surprise fourth-quarter profit and said it expects to break even next quarter, as the smartphone maker continues to cut costs and implement its turnaround strategy.

TheStreet is live-blogging BlackBerry's results Thursday morning.


4. -- Red Hat ( RHT) missed Wall Street estimates for the fourth quarter.

The open source software company posted adjusted earnings of 36 cents a share in the quarter on revenue of $348 million, an increase of 17% year over year. Analysts were looking for earnings of 30 cents a share on revenue of $349.4 million.

Red Hat Slammed as Revenue Falls Short


5. -- eBay ( EBAY) is scheduled to hold its annual analyst day on Thursday, with investors concerned over the company's long-term guidance.


6. -- Analysts expect Accenture ( ACN) on Thursday to post fiscal second-quarter earnings of 97 cents a share.


7. -- PVH ( PVH), the clothing maker, said Wednesday that fourth-quarter earnings more than doubled. Adjusted earnings of $1.60 a share easily beat analysts' earnings expectations.

PVH forecast adjusted earnings in 2013 of $7 a share, below estimates of $7.40 a share, as the acquisition of Warnaco cuts into profits.


8. -- Blackstone ( BX) is open to keeping Dell ( DELL) founder Michael Dell as CEO of the PC maker if it wins a bidding war for the company, people familiar with the matter told The Wall Street Journal.


9. -- American Airlines ( AAMRQ.PK) won bankruptcy court approval on Wednesday to merge with US Airways ( LCC) to create the world's biggest airline.


10. -- The Miami Heat's winning streak is over. The Chicago Bulls beat the Heat on Wednesday, 01-97, ending Miami's streak at 27 games.


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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