NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Dec. 11:
1. -- U.S. stock futures were rising Thursday as equities looked to halt a three-day losing streak and as oil prices rebounded slightly.
European stocks traded mixed as speculation increased that European Central Bank policymakers could engage in government bond-buying to boost its balance sheet.
Asian shares ended the session with losses.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EST, retail sales for November at 8:30 a.m., export and import prices for November at 8:30 a.m., and business inventories for October at 10 a.m.
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3. -- U.S. stocks on Wednesday finished sharply lower after crude oil prices struggled to remain above $60 a barrel.
The S&P 500 fell 1.64% to 2,026.14, while the Dow Jones Industrial Average dropped 1.51%, its third consecutive day of losses. Nasdaq declined 1.73%.
4. -- eBay (EBAY) is considering a plan to eliminate thousands of jobs early in 2015 as it prepares to split off its PayPal payments unit, The Wall Street Journal reported, citing people familiar with the company's thinking.
The cuts are expected to primarily affect workers in eBay's core marketplace division, the people said. One said eBay has discussed trimming at least 3,000 jobs, or 10% of its total work force, the Journal reported.
The planned layoffs appear to be part of eBay's preparations to be a stand-alone company, and a potentially attractive takeover target, the Journal noted.
The marketplace division, which includes eBay.com and StubHub, is more profitable than PayPal but is growing more slowly.
5. -- Lending Club raised about $870 million in its initial public offering, topping expectations. The offering values the company at $5.5 billion.
The IPO for Lending Club, the largest online marketplace for personal and small business loans, was priced at $15 a share, above the expected range of $12 to $14.
Shares will begin trading Thursday on the New York Stock Exchange under symbol "LC."
6. -- Lululemon Athletica (LULU) earned 42 cents a share in the third quarter, compared with year-earlier earnings of 45 cents a share.
Revenue rose to $419.4 million from $379.9 million a year earlier.
The results topped analysts' forecasts.
Lululemon, the maker of yoga wear, said it expects fourth-quarter earnings of 65 cents to 69 cents a share on revenue of $570 million to $585 million. Analysts are looking for profit of 72 cents on sales of $594.8 million.
7. -- Starboard Value LP has built a stake of roughly 6% in Staples (SPLS) and raised its Office Depot (ODP) to about 10%, people familiar with the matter told the Journal.
The moves could raise pressure for a combination of the office-supply retailers.
In its filings disclosing the stakes, Starboard isn't expected to spell out any changes it might seek, the Journal noted.
Any combination of Staples and Office Depot could draw scrutiny from antitrust regulators because they are the last remaining major retailers specializing in office supplies.
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8. -- Walgreen (WAG) President and CEO Greg Wasson will retire after the drugstore chain completes its merger with Alliance Boots, the U.K. 's largest drugstore chain.
Walgreen said Alliance Boots Chairman Stefano Pessina will become its acting CEO once the merger closes. Walgreen said it expects the merger close during the first quarter.
9. -- Wall Street expects Adobe Systems (ADBE) , the business software maker, to report on Thursday fiscal fourth-quarter earnings of 30 cents a share on revenue of $1.06 billion.
10. -- Struggling electronics retailer RadioShack (RSH) is expected by Wall Street to post a third-quarter loss of $1.04 a share. RadioShack last quarter reported its 10th consecutive quarterly loss.
The company is trying to survive against the likes of online giant Amazon (AMZN) and fellow electronics retailer Best Buy (BBY) .
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-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel