NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Sept. 25:
1. -- U.S. stock futures were pointing lower on Thursday ahead of a Commerce Department report on durable goods and after equities rebounded during the previous session.
European stocks traded mixed on Thursday while Asian shares finished mostly lower.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and durable-goods orders for August at 8:30 a.m.
3. -- U.S. stocks on Wednesday rallied to reverse three days of declines. In the early afternoon, the markets strengthened their push, rising sharply and ending the trading day with solid gains.
The Dow Jones Industrial Average
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4. -- Apple (AAPL) pulled its iOS 8.0.1 update mere hours after releasing it as a fix for reported bugs with the iOS 8 update the tech giant released last week.
The update was supposed to fix issues with the phone's HealthKit apps as well as photo library accessibility and a host of other issues. Apple pulled the update after users reported interruption to their cellular service and issues with the phone's Touch ID security system after downloading the upgrade.
Late Wednesday, Apple offered users a way to manually reverse the update provided earlier in the day. It involves connecting the phone to a Mac or Windows computer and downloading a file to restore the older software.
5. -- Nike (NKE) is expected by analysts on Thursday to report fiscal first-quarter earnings of 88 cents a share on sales of $7.83 billion.
6. -- Philip Hampton, the chairman of Royal Bank of Scotland (RBS) , announced that he was leaving the company and joining the board of GlaxoSmithKline (GSK) to become chairman in 2015.
Hampton has been chairman of RBS since February 2009, shortly after the onset of the financial crisis.
7. -- Wall Street firms led by Goldman Sachs GS are close to a deal to create an instant-messaging service to rival that of Bloomberg LP, The Wall Street Journal reported.
A buyout of messaging startup Perzo could be announced as soon as next week, the Journal reported, citing people familiar with the matter. It could be months before the firms have a product ready for trading desks, the people said, but the project is gaining momentum.
The number of banks and money managers working with Goldman on the purchase has swelled to 14 in recent weeks, the Journal said.
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8. -- Yahoo! (YHOO) said in a regulatory filing on Wednesday that it agreed to a one-year lock-up period that restricts the sale of the remaining ordinary shares it owns in Alibaba (BABA) .
Yahoo! retains ownership of 383.57 million ordinary shares of Alibaba, or about 15% of Alibaba's outstanding ordinary shares. Yahoo! sold 140 million American depositary shares of Alibaba during the Chinese e-commerce giant's IPO last week.
9. -- Micron Technology (MU) is forecast to post fiscal fourth-quarter profit on Thursday of 81 cents a share on revenue of $4.16 billion.
10. -- Harvard University's largest-in-the-nation endowment grew to $36.4 billion in the fiscal year that ended in June on a 15.4% return, the university agency that oversees the endowment announced.
Harvard on Wednesday named Stephen Blyth as head of the unit overseeing the endowment. Blyth is an eight-year veteran of Harvard Management Co., which runs the endowment, according to Bloomberg.
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-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel