2. -- The economic calendar in the U.S. Friday includes the Treasury Budget for April at 2 p.m. EDT.
3. -- U.S. stocks on Thursday finished lower as Philadelphia Fed President Charles Plosser warned that the central bank may be limited in its ability to implement further quantitative easing. The S&P 500 declined 0.37% to finish at 1,626.67.
4. -- The dollar traded above 100 yen on Friday for the first time in more than four years. Traders have been selling the Japanese currency in reaction to moves by the government of Prime Minister Shinzo Abe to stimulate the economy by pursuing looser monetary policy.
5. -- Carl Icahn and Southeastern Asset Management proposed an alternative offer to a $24.4 billion deal to buy out Dell's ( DELL) public stockholders, The Wall Street Journal reported. Icahn and Southeastern, in a letter to Dell's board, said they propose giving Dell shareholders the option to keep holding stock in the company, and take an additional $12 a share in cash or stock, the Journal reported. The proposal is part of a campaign to upend a buyout effort from Dell founder Michael Dell and private-equity firm Silver Lake Partners. Mr. Dell and Silver Lake reached an agreement in February to buy out shareholders at $13.65 a share. Icahn and Southeastern, who together hold 13% of Dell's stock, said the PC maker is selling out too cheaply to Mr. Dell and Silver Lake, the newspaper reported.
6. -- Priceline.com ( PCLN), the online travel company, posted earnings that beat Wall Street expectations but posted weaker-than-anticipated guidance. For the second quarter of 2013, Priceline said it expects a year-over-year increase in total gross travel bookings of about 30% to 37%, with international gross travel bookings rising about 36% to 43%. Priceline said it expects adjusted EBITDA to be between $560 million and $595 million, with non-GAAP earnings of between $8.87 and $9.45 a share. Wall Street analysts are expecting $9.58 a share.
7. -- Nvidia ( NVDA), the chipmaker, on Thursday reported first-quarter adjusted earnings of 18 cents a share, topping estimates of 10 cents a share, as revenue and gross margins improved.
8. -- JPMorgan Chase ( JPM) is being sued by California's attorney general over allegations the bank used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
10. -- McDonald's ( MCD) plans to cut the Angus burger from its menu because of high beef prices.
-- 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.