Updated from 6:39 a.m. EST.
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Nov. 20:
1. -- U.S. stock futures were lower on Thursday following weak manufacturing reports from China and the eurozone.
European stocks declined and Asian shares ended the session mixed. Chain's Shanghai Composite rose 0.1% despite data that showed manufacturing activity in China fell to a six-month low in November.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the Consumer Price Index for October at 8:30 a.m., existing home sales for October at 10 a.m., the Philadelphia Fed Index for November at 10 a.m., and leading indicators for October at 10 a.m.
3. -- U.S. stocks on Wednesday closed slightly lower, just off their record highs, as minutes from the Federal Reserve's meeting in October offered no new surprises.
The S&P 500 fell 0.15% to close at 2,048.72. The Dow Jones Industrial Average declined 0.01% and the Nasdaq slipped 0.57%.
4. -- The attorney general of Arizona said the state had filed suit against General Motors (GM) , claiming the automaker had defrauded the state's consumers of an estimated $3 billion, The New York Times reported.
The suit is the first major legal action against GM over its record number of recalls this year, the Times reported. The most notable recall was for a defective ignition switch in 2.6 million small cars that was delayed for decades.
The complaint suggested GM intentionally misled consumers through its advertising, Web site and public statements, and that some of its top leaders were complicit in the alleged misdeeds, according to the Times report.
5. -- Electronics retailer Best Buy (BBY) reported adjusted third-quarter earnings of 32 cents a share. Analysts expected profit of 25 cents.
The stock rose 8.6% in premarket trading on Thursday.
6. -- Salesforce.com (CRM) , the cloud software company, guided below analysts' estimates for its fiscal fourth quarter.
The company said it expects earnings of 13 cents to 14 cents a share on revenue of $1.436 billion to $1.441 billion for the fourth quarter. Analysts forecast earnings of 15 cents a share on revenue of $1.45 billion.
Salesforce on Wednesday reported third-quarter earnings of 14 cents a share, topping analysts' estimates by 1 cent. Revenue increased 27.8% from last year to $1.38 billion. Analysts were looking for revenue of $1.37 billion.
Shares were down 5.6% in premarket trading.
Under the terms of the agreement, Firefox users in the U.S. will begin using Yahoo! for search starting in December. These users will access Yahoo! search when using mobile devices or computers. Additionally, Yahoo! and Mozilla plan to delve into other ways the two entities can integrate their products and reach new markets.
8. -- Wall Street is too wrapped up in Qualcomm's (QCOM) troubles in China to appreciate the success of the company's Qualcomm Chip Technologies business, Chief Financial Officer George Davis told TheStreet.
"It's easy to get overly focused on one set of issues. And anything that impacts the licensing business, because it's such an important part of the valuation of the company, sometimes ... has people missing just how strong the year QCT had in 2014," Davis said on Wednesday following the company's meeting with analysts at the Grand Hyatt in New York.
The issues Davis referred to included a year-long unresolved investigation by China into possible antitrust violations. Qualcomm also is involved in an ongoing licensing dispute with a Chinese device manufacturer. The company provided no guidance Wednesday as to when the conflicts would be resolved, and both issues have already negatively impacted the business because of lost royalty payments.
9. -- JetBlue (JBLU) shares rose more than 4% on Wednesday after the airline said it would add bag fees and squeeze seats closer together as it tries to boost profit.
JetBlue said it would create three ticket classes beginning in the first half of 2015, and only the top two include at least one free checked bag.
10. -- Wall Street expects Dollar Tree (DLTR) to post third-quarter profit of 64 cents a share on revenue of $2.06 billion.
On Wednesday, Family Dollar (FDO) said it was delaying a special meeting at which shareholders were to vote on its $8.5 billion acquisition by Dollar Tree as regulators determine how many stores might need to be divested for antitrust reasons.
-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel