NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Jan. 8:
1. -- U.S. stock futures were rising Thursday as oil prices moved higher after they fell to near six-year lows earlier in the week.
European stocks rose amid expectations of more European Central Bank action to combat deflation. Asian shares ended the session with gains.
Crude oil rose 0.8% early Thursday to $49.03 a barrel.
2. -- The economic calendar in the U.S. on Thursday includes weekly jobless claims at 8:30 a.m. EST, and consumer credit for November at 2 p.m.
3. -- U.S. stocks on Wednesday rose, brushing off news the Federal Reserve will consider a rate hike increase even if core inflation remains below its 2% target rate.
"The Committee might begin normalization at a time when core inflation was near current levels," the central bank said in its December meeting minutes, which were released Wednesday afternoon.
The S&P 500 rose 1.16%, the Dow Jones Industrial Average climbed 1.23%, and the Nasdaq added 1.26%.
4. -- Samsung Electronics (SSNLF) said its annual profit fell for the first time in three years as its smartphone division continued to struggle.
Samsung's 2014 operating profit is expected to be about 24.9 trillion won ($22.6 billion), down 32% from 2013, based on preliminary figures. It will release its full financial results including net profit and a breakdown of business divisions later this month.
Sales in the fourth quarter fell 12% to 52 trillion won, in line with the analysts' expectations.
5. -- GoPro (GPRO - Get Report) plans to expand its international distribution to include China later this year, reducing its reliance on the U.S. market, after a record launch for its new Hero 4 action cameras over the holiday period, the Financial Times reported.
In an interview at the Consumer Electronics Show, Nick Woodman, GoPro CEO, said he was also enthusiastic about the potential for emerging technologies such as drones and virtual reality to drive more sales of its cameras.
6. -- Family Dollar Stores (FDO) reported adjusted fiscal first-quarter earnings of 44 cents a share on sales of $2.56 billion.
Analysts were expecting earnings of 62 cents a share on sales of $2.57 billion.
In December, the discount retailer delayed a shareholder vote on its proposed acquisition by Dollar Tree (DLTR) until Jan. 22.
The company agreed last summer to be acquired by competing retailer Dollar Tree for $8.5 billion, or $74.50 share. It rejected a $9.1 billion offer from Dollar General (DG) , saying the businesses are too similar and they would face antitrust concerns.
7. -- Standard Chartered (SCBFF) , the U.K. based lender that focuses most of its resources on Asia, is shutting its stock-trading and underwriting business and announced 4,000 job losses in retail banking.
The cuts are part of the bank's plan for savings of $400 million this year.
The automaker told Cadillac dealers on Wednesday that it was cutting the price of the three best-selling packages of options on the car by as much as $3,000, a spokesman confirmed to Reuters.
10. -- Warehouse retailer Costco (COST) said Thursday that same-store sales rose 3% for the five weeks ended Jan. 4.
U.S. same-store sales rose 5%, while international sales declined 1%.
-- Written by Joseph Woelfel
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