Feb. 13 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Thursday, Feb. 13:  

1.-- U.S. stock futures were pointing to a lower start for Wall Street on Thursday ahead of retail sales data.

European shares were slipping. Asian shares ended Thursday's session with losses. Japan's Nikkei 225 index declined 1.8%

2.-- The economic calendar in the U.S. on Thursday includes initial weekly jobless claims at 8:30 a.m. EST, retail sales for January at 8:30 a.m., and business inventories for December at 10 a.m.

3.-- U.S. stocks on Wednesday closed mixed, after warnings from a Federal Reserve member over the risk of asset-price bubbles offset better-than-expected data from China.

The S&P 500 was broadly flat at 1,819.26 while the Dow Jones Industrial Average closed off 0.19% to 15,963.94. The Nasdaq gained 0.24% to 4,201.29.

4.-- Comcast (CMCSA) reached an agreement to acquire Time Warner Cable  (TWC) in an all-stock transaction worth roughly $159 a share, or $45 billion. The deal was confirmed Thursday morning by both companies.

The new company would be by far the largest cable provider in the nation with more than 33 million subscribers, and is certain to face a tough review from the Federal Communications Commission, according to CNBC.

Time Warner Cable shares rose 11.2% in premarket trading to $150.49. Comcast shares fell 1.8% to $54.25.

5.-- Network equipment maker Cisco  (CSCO) reported fiscal second-quarter earnings and revenue that topped analysts' forecast, and hiked its dividend to 19 cents a share.

The San Jose, Calif.-based company reported revenue of $11.2 billion, down from $12.1 billion in the prior year's quarter, but above analysts' estimates of $11.03 billion.

If you liked this article you might like

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

This Company Could Be a Fraud, Noted Short-Seller Andrew Left Says

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

Chase Hires Amazon Customer-Service Exec as Digital's Rise Reshapes Branches