November 13 Premarket Briefing: 10 Things You Should Know

Updated from 6:43 a.m. EST

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Nov. 13:

1. -- U.S. stock futures were rising Thursday ahead of data on U.S. employment and after global stocks gained.

European stocks were higher as positive corporate news led the benchmark indices back into positive territory.  

The Nikkei 225 in Tokyo gained 1.1% while Hong Kong's Hang Seng rose 0.3%.

2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EST, and the Job Openings and Labor Turnover Survey for September at 10 a.m.

4. -- Hasbro (HAS) is in early talks to buy DreamWorks Animation (DWA) , The Wall Street Journal reported, citing people familiar with the matter.

News of the possible merger follows reports about six weeks ago that Japanese telecom giant SoftBank was in talks to acquire the animation studio. However, those talks cooled shortly after reports first surfaced, the Journal noted.

Under the proposed deal, Hasbro would pay a mix of cash and stock, though an exact price has not yet been determined, a person familiar with the matter told The New York Times. Jeffrey Katzenberg, CEO of DreamWorks Animation, is seeking more than $30 a share, a significant premium over the closing stock price Wednesday of $22.37.

Shares of DreamWorks jumped 25.2% in premarket trading on Thursday to $28.

5. -- J.C. Penney (JCP)  said its third-quarter loss narrowed from a year earlier but same-store sales in the period were flat.

The retailer posted a loss of $188 million, or 62 cents a share. The adjusted loss in the quarter was 77 cents a share vs. Wall Street expectations of a loss of 83 cents.

Revenue fell to $2.76 billion from $2.78 billion a year earlier. Analysts were expecting $2.82 billion.

The stock fell 5.4% in premarket trading.

6. -- Networking equipment maker Cisco (CSCO)  posted fiscal first-quarter profit and revenue that were better than expected but issued second-quarter guidance that fell short of estimates.

Cisco earned 54 cents a share on an adjusted basis as revenue rose 1% to $12.25 billion. Analysts expected the company to earn 53 cents a share on revenue of $12.16 billion.

Cisco said it sees revenue in the second quarter rising between 4% and 5%, vs. expectations of a rise of 8%.

The company also said Chief Financial Officer Frank Calderoni would step down Jan. 1.

Cisco declined 1.9% in premarket trading.

7. -- Walmart (WMT) , the world's biggest retailer, posted third-quarter earnings of $1.15 a share on revenue of $118.08 billion.

Wall Street predicted earnings of $1.12 a share on revenue of $118.32 billion.

The stock rose 2% in premarket trading.

8. -- Comcast (CMCSA) CEO Brian Roberts is moving "full steam ahead" with the company's proposed $45 billion acquisition of Time Warner Cable (TWC) despite the uncertainty raised by President Barack Obama's call for tougher regulations on high-speed Internet service providers.

Roberts said Comcast still intends to spend about $20 billion during the next two years to improve its Internet service and other products.

Roberts' remarks on Wednesday contrasted with a cautionary statement from AT&T (T) CEO Randall Stephenson, who said his company is scaling back on its spending plans until the Federal Communications Commission determines the new rules governing Internet service providers.

9. -- Twitter (TWTR)  announced on Wednesday plans to provide its 284 million active users with a way to take, edit, and share video in real-time directly through its application. The hosted video offering, distinct from 6-second video app Vine, will arrive in the first half of 2015, said Twitter vice president of product management, Christian Oestlien.

"We also want to give [users] as many tools as possible to create and, or share great content themselves," Oestlien said during Twitter's first-ever analyst day in San Francisco. "Imagine the power and impact of Twitter on world events and personal experiences as they unfold in real-time on our platform through video."

10. -- The Republican-led U.S. House of Representatives is almost certain to approve a bill promoting the Keystone XL pipeline on Thursday, The Associated Press reported.

Three-term Democrat Mary Landrieu of Louisiana said she has the votes to pass a pro-Keystone bill in the Senate next Tuesday, which would set up a decision by President Obama on whether to veto the legislation.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

Follow @JoeWTheStreet

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