Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, Aug. 29:

1. -- U.S. stock futures on Thursday were pointing to a second day of gains on Wall Street after concerns over a military strike against Syria eased.

European shares were rising while Asian stocks finished the trading session higher. Japan's Nikkei 225 index rose 0.9%.


2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and the second estimate of second-quarter gross domestic product.


3. -- U.S. stocks on Wednesday rose as concern eased about the potential magnitude of international military action against Syria.

The S&P 500 gained 0.28% to close at 1,635.01 while the Dow Jones Industrial Average added 0.33% to finish at 14,824.51. The Nasdaq rose 0.41% to 3,593.35.


4. -- Vodafone ( VOD) confirmed Thursday it is in talks with Verizon Communications ( VZ) to sell its 45% stake in their joint venture, Verizon Wireless.

The Wall Street Journal reported Wednesday that the two companies had rekindled discussions in a deal that likely would cost Verizon well more than $100 billion. The Journal report cited people familiar with the matter.

Vodafone said Thursday there is no certainty an agreement will be reached.


5. -- Ford's ( F) Flat Rock, Mich., plant will start making the Fusion Thursday, the first time the car is being made in the U.S.

Ford hired a second shift of 1,400 new workers to make the Fusion at the plant, which also makes the Mustang.

The plant will be able to produce 350,000 Fusions a year, 30% more than Ford makes at its plant in Hermosillo, Mexico, according to The Associated Press.


6. -- Campbell Soup ( CPB) is expected by Wall Street on Thursday to post fiscal fourth-quarter earnings of 42 cents a share on revenue of $1.84 billion.


7. -- One of Google's ( GOOG) top Android executives, Hugo Barra, is leaving the company, AllThingsD reported.

Barra's official title was vice president of product management for Android, and he was one of the more public faces of the mobile operating system. He is leaving for a job at Xiaomi, a fast-growing Chinese phone maker, AllThingsD reported.


8. -- Guess? ( GES), the jeans maker, posted fiscal second-quarter profit and revenue that topped analysts' forecasts and it raised its earnings guidance for the full year.

Adjusted profit for the quarter was 52 cents a share and revenue rose to $639 million from $635.4 million a year earlier.

Analysts were expecting Guess? to post earnings of 36 cents a share on revenue of $622.9 million.


9. -- Hedge fund Karsch Capital Management is shutting down after 13 years, and Michael Karsch plans to return 95% of the fund's $1.8 billion in assets by the end of September.

The last 5% would be returned in January after the fund's audit, Reuters reported.

Karsch's biggest investments included Yahoo! ( YHOO) and Expedia ( EXPE).


10. -- Fast-food workers are set to stage walkouts in dozens of cities around the country Thursday, part of a push to get chains such as McDonald's ( MCD) and Wendy's ( WEN) to pay higher wages to workers.

It's expected be the largest nationwide strike by fast-food workers, according to organizers, the AP reported.

Workers say they want $15 an hour, more than double the federal minimum wage, which many fast food workers make, of $7.25 an hour.


-- Written by Joseph Woelfel

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

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Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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