NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Sept. 11:
1. -- U.S. stock futures were pointing slightly lower on Thursday following European stocks to the downside on growth concerns over China and nervousness about next week's vote on Scotland's independence.
Japan's Nikkei 225 index rose 0.8% but most other Asian benchmarks closed lower.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and the Treasury budget for August at 2 p.m.
3. -- U.S. stocks on Wednesday finished with gains, getting a boost from the information technology sector, specifically stocks such as Apple (AAPL) , Yahoo! (YHOO) and a handful of social media issues led by Twitter (TWTR) .
The Dow Jones Industrial Average
4. -- President Obama outlined in a televised address Wednesday evening his plan to destroy militants from the group Islamic State. The president also said he's authorizing U.S. airstrikes inside Syria for the first time, along with expanded strikes in Iraq.
The president said the mission won't involve any U.S. combat troops.
"With a new Iraqi government in place, and after consultations with allies abroad and Congress at home, I can announce that America will lead a broad coalition to roll back this terrorist threat," Obama said in a 13-minute speech from the White House.
"Our objective is clear: We will degrade, and ultimately destroy, ISIL through a comprehensive and sustained counterterrorism strategy."
5. -- Twitter, the social media company, said on Wednesday it would reach into the debt markets for the first time.
The stock declined 1.4% in after-hours trading following Twitter's announcement it intends to raise as much as $1.5 billion to fund acquisitions and expansion. In a regulatory filing, Twitter said it would sell convertible bonds in two $650 million chunks -- one matures in five years and the other in seven. The size of the offering could be increased to $1.5 billion depending on the participation of the banks involved.
6. -- Struggling consumer electronics retailer RadioShack (RSH) is expected by analysts to report a loss of 66 cents a share on revenue of $736 million for the July-ended quarter.
RadioShack is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.
The company is working on a financing deal it hopes will help it avoid bankruptcy, the people told Reuters.
7. -- Lululemon Athletica (LULU) , the athletic and yoga apparel company, reported second-quarter earnings fell almost 14% to $48.7 million, or 33 cents a share, from a year-earlier profit of $56.5 million, or 39 cents a share.
Revenue rose about 13% to $390.7 million.
Wall Street expected Lululemon to report second-quarter earnings of 29 cents a share on revenue of $376.8 million.
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8. -- T-Mobile (TMUS) plans to sell more than 100 smartphone models with a built-in feature that taps into Wi-Fi networks to make phone calls and send texts when customers can't connect to the wireless carrier's cellular network.
9. -- Royal Bank of Scotland (RBS) , based in Scotland since 1727, said it has made plans to move its headquarters to England in the event that Scotland votes for independence next week.
The bank said it has drawn up contingency plans because being based in an independent Scotland would create uncertainties that could hurt its business and customers. It said it could affect its credit rating and change the legal, fiscal and monetary environment it works in.
Thursday's warning comes a day after Standard Life said it is ready to move parts of its business to England in case of independence.
10. -- Grocery chain Kroger (KR) is forecast to post a profit of 69 cents a share in the second quarter on sales of $24.92 billion.
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To contact the writer of this article, click here:Joseph Woelfel