NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Oct. 3:
1. -- U.S. stock futures on Friday were rising ahead of the closely watched U.S. nonfarm payrolls report.
European stocks rose despite downbeat economic indicators. Asian shares finished the session mostly higher.
2. -- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for September at 8:30 a.m. EDT. Economists surveyed by Reuters expect companies added 215,000 workers to payrolls last month, up from 142,000 in August. The jobless rate is expected to remain at 6.1%.
Other economic data on Friday include the trade balance for August at 8:30 a.m., and the ISM Services index for September at 10 a.m.
3. -- U.S. stocks on Thursday finished flat after trading in a holding pattern throughout Thursday as investors await the government's nonfarm payrolls report for September on Friday.
The Dow Jones Industrial Average
4. -- JPMorgan (JPM - Get Report) said the personal data of about 76 million retail customers and 7 million business customers was compromised in a security breach that the bank first disclosed this summer.
The data breach includes customers' names, addresses, phone numbers and email addresses. JPMorgan, in a filing with the Securities and Exchange Commission, said there is no evidence that sensitive financial information such as bank account numbers, social security numbers or user IDs were compromised as a result of the breach.
"The Firm continues to vigilantly monitor the situation and is continuing to investigate the matter. In addition, the Firm is fully cooperating with government agencies in connection with their investigations," JPMorgan said in a statement on Thursday..
5. -- Salix Pharmaceuticals (SLXP) and Italy's Cosmo Pharmaceuticals said they have terminated their merger agreement, a deal that was structured as a so-called inversion, because of a "changed political environment."
Salix, the drug developer and medical device maker, reached a deal in July to merge with the Irish subsidiary of Cosmo which would allow it to move its tax domicile to Ireland.
The U.S. government has taken actions to try to curb inversion deals.
"The changed political environment has created more uncertainty regarding the potential benefits we expected to achieve," Salix CEO Carolyn Logan said in a statement on Friday.
The firm completed its review of the fund this week following the announcement last Friday that Bill Gross, Pimco's co-founder and manager of the fund, was leaving to join Janus Capital (JNS) .
The retail target date funds have $2.9 billion in assets -- $141 million of which had been in the Pimco Total Return Fund, according to Reuters.
Schwab is looking for a replacement for the Pimco fund and has temporarily reallocated the Pimco assets into other funds, the spokeswoman told Reuters.
The 28-nation bloc's executive Commission said Friday the deal may go ahead because consumers will continue to have a wide choice of alternative communication apps they could use. Facebook runs its own mobile messaging service with its Messenger app but the EU found the merged entity "would continue to face sufficient competition."
Board member Orin Smith, in a statement Thursday, called Iger "the architect of Disney's success."
Iger, 63 years old, was named as the company's CEO in 2005. Disney's market capitalization grew from $48.4 billion in 2005 to $150 billion since Iger became CEO.
9. -- Apple (AAPL - Get Report) is talking to the big music labels about a new set of rights and features it would like to include in a revamped version of the Beats Music service it bought earlier this year, according to Recode. Among the things Apple wants is a new pricing structure that would allow it to sell the service for less than the $10 level it's at now.
Discussions are in their early stages, sources told Recode, and Apple isn't planning on overhauling Beats Music until next year. Apple denied last month a TechCrunch report that it was planning to "shut down" BeatsBut people familiar with the company's thinking said it might alter the service over time, Recode reported.
The recall involves the Chevrolet Tahoe, Suburban, Traverse, Express and Silverado; the Cadillac CTS, Escalade and Escalade ESV; the GMC Yukon, Yukon XL, Acadia, Savana and Sierra; and the Buick Enclave.
GM said metal slivers in the chassis control module could cause an electrical short. If that happens, the vehicle could stall. GM said it knows of no accidents or injuries related to the defect. It believes only 1% of the vehicles being recalled are affected.
-- Written by Joseph Woelfel
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