Updated from 6:27 a.m. EDT

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Oct. 17:

1. -- U.S. stock futures were higher on Friday and European stocks gained following a wild Thursday when the Nasdaq dipped briefly into correction territory.

Asian shares ended Friday's session mixed. Japan's Nikkei fell 1.4%.

2. -- The economic calendar in the U.S. on Friday includes housing starts and building permits for September at 8:30 a.m. EDT, and the University of Michigan Sentiment Index for October at 9:55 a.m.

4. -- Google's (GOOGL - Get Report)   third-quarter earnings announced Thursday missed analysts' estimates, and the search giant's operating expenses surged 30% from a year earlier to $5 billion.

The pace of rising expenses outstripped the 20% gain in Google's third-quarter revenue to $16.5 billion.

Google earned $2.81 billion, or $4.09 a share, in the quarter ended in September, compared with year-earlier earnings of $2.97 billion, or $4.38 a share.

Adjusted earnings in the quarter were $6.35 a share, below analysts' forecasts of $6.46 a share.

The stock fell 1.1% in premarket trading on Friday.

5. -- General Electric (GE - Get Report)  posted third-quarter adjusted earnings on Friday of 38 cents a share on revenue of $36.2 billion.

Analysts expected GE to report third-quarter earnings of 37 cents a share on revenue of $36.79 billion.

GE shares rose 1.3% in premarket trading.

6. -- Morgan Stanley (MS - Get Report) is forecast to report third-quarter profit of 53 cents a share on revenue of $8.17 billion. 

7. -- CF Industries (CF - Get Report) and Yara International of Norway ended their merger talks.

The talks ended, the companies said, because they couldn't agree on the terms of the merger, which would have created a fertilizer giant with a combined market capitalization of more than $26 billion and annual sales of roughly $20 billion.

8. -- AMD (AMD - Get Report) said it would cut 7% of its global work force and posted third-quarter results on Thursday that missed analysts' forecasts.

The chipmaker said it expects the reductions and related real estate moves to save $85 million in 2015.

The stock fell 4.2% in premarket trading.

9. -- Starbucks (SBUX - Get Report) plans to begin allowing customers to place orders ahead of time on their smartphones by next year.

The coffee chain said it would introduce the option in Portland later this year before the national rollout in 2015.

The "pay ahead" option is intended to help win over customers who might otherwise be discouraged by the lines and waits at Starbucks, particularly during the morning rush, the company said.

10. -- Chiquita (CQB) rejected a new buyout offer from two Brazilian companies and will go ahead with its plan to merge with Irish fruit importer Fyffes (FYFFF) .

Chiquita said the offer from investment firm Safra Group and juice company Cutrale Group isn't high enough and the Fyffes deal will bring more value to shareholders. Safra and Cutrale initially offered to buy Chiquita in August, and on Wednesday they raised their offer to $658 million, or $14 a share.

-- Written by Joseph Woelfel

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