NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Dec. 5:
1. -- U.S. stock futures were rising Friday ahead of U.S. jobs data for November.
European stocks rose on hopes of eurozone monetary stimulus. Asian shares ended Friday's session mostly higher.
2. -- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for November at 8:30 a.m. EST. Nonfarm payrolls likely increased by 230,000 in November after rising by 214,000 in October, according to a Reuters survey of economists. The unemployment rate is forecast to remain at a six-year low of 5.8%.
Trade balance data for October is due at 8:30 a.m., while factory orders for October are scheduled for 10 a.m.
3. -- U.S. stocks on Thursday fell after the European Central Bank punted to next year any decisions on further economic stimulus for the eurozone.
The S&P 500 closed 0.12% lower at 2,071.92, while the Dow Jones Industrial Average slipped 0.07% and the Nasdaq fell 0.11%.
4. -- Uber raised $1.2 billion in its latest round of funding from venture capitalists, putting the value of the ride-sharing company at about $40 billion.
The valuation is the largest for a private company behind Facebook's (FB) private market value valuation.
Uber has raised eight times as much as its closest ride-sharing rival, Lyft Inc., according to The Wall Street Journal.
5. -- Clothing retailer Gap (GPS) said same-store sales in November rose 6%, as surging sales at its low-priced Old Navy chain offset sluggish sales at its namesake business.
Analysts were looking for a same-store sales decline of 1.4%.
Gap said total sales for November rose 6% to $1.72 billion.
The stock rose 2.9% in premarket trading on Friday.
The first Reserve Roastery opened Thursday on Pike Street in Seattle, a couple of blocks from the company's first retail store. The Reserve Roastery store is 15,000 square feet.
"What we're doing is building a new brand inside Starbucks," said CEO Howard Schultz at Starbucks' biennial analyst and investor event on Thursday.
7. -- A three-year investigation by the Securities and Exchange Commission into allegedly unfair treatment of investors by stock exchanges could result in the largest fine ever levied against a stock exchange, the Journal reported, citing people familiar with the matter.
SEC investigators are nearing a settlement of about $12 million to $13 million with BATS Global Markets over how its Direct Edge Holdings exchanges handled customer orders, the people told the Journal.
8. -- Burger King Worldwide's (BKW) takeover of Canadian coffee and doughnut shop chain Tim Hortons was approved by the Canadian government on Thursday, bringing it one step closer to completion.
Burger King agreed in August to buy Tim Hortons in a cash-and-stock deal worth more than $10.5 billion
9. -- The hack at Sony Pictures Entertainment revealed far more personal information than previously believed, including the Social Security numbers of more than 47,000 current and former employees along with Hollywood celebrities like Sylvester Stallone, the Journal reported.
North Korea is a principal suspect in the cyber attack on Sony Pictures, a U.S. national security source told Reuters on Thursday, while a North Korean diplomat denied his country was behind the crippling hack.
10. -- Big Lots (BIG) posted on Friday a third-quarter loss of 6 cents a share on sales of $1.11 billion. Analysts were expecting a loss of 5 cents a share on revenue of $1.12 billion.
-- Written by Joseph Woelfel
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