NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Sept. 17:
1. -- U.S. stock futures were pointing lower Thursday as investors awaited a decision by the Federal Reserve on whether it will raise interest rates for the first time in nine years.
European stocks traded mixed, while Asian shares ended the session mostly higher. China's Shanghai Composite Index closed down 2.1%.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, housing starts and building permits for August at 8:30 a.m., the Philadelphia Fed Index for September at 10 a.m., and the interest rates decision from the Federal Open Market Committee at 2 p.m.
3. -- U.S. stocks on Wednesday rose for the second day in a row after weaker inflation data boosted hopes the Federal Reserve could refrain from raising interest rates on Thursday. The S&P 500 rose 0.86%, the Dow Jones Industrial Average added 0.82%, and the Nasdaq gained 0.59%.
4. -- Altice, the European cable company, agreed to buy New York cable operator Cablevision (CVC) for $17.7 billion, including debt.
Altice will pay $34.90 a share for Cablevision, which closed at $28.54 on Wednesday and soared more than 16% in premarket trading on Thursday to $33.20.
The acquisition creates the fourth-largest cable operator in the United States.
Altice, based in the Netherlands, has been expanding aggressively in the U.S. It announced a $9.1 billion deal for Suddenlink, a smaller cable company based in St. Louis, in May.
5. -- Federal prosecutors are set to announce a settlement with General Motors (GM) that resolves a criminal investigation into how the automaker concealed a deadly problem with small-car ignition switches, according to three people briefed on the case, The Associated Press reported.
Under the deal, GM will pay a fine of around $900 million in a deferred prosecution agreement on a wire fraud charge. That means any charges would be dismissed if GM complies with oversight and other terms for three years, one of the people told the AP.
The agreement is expected to be formally announced on Thursday.
The deal was first reported Wednesday by The Wall Street Journal.
6. -- Apple (AAPL) this month acquired Mapsense, a San Francisco startup that builds tools for analyzing and visualizing location data, according to multiple sources, Re/code reported.
Apple paid somewhere between $25 million and $30 million for the Mapsense12-person team, which will now join Apple.
"Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," the company said in a statement.
7. -- Oracle (ORCL) said fiscal first-quarter earnings declined 20%, in part because of the strong dollar. Expenses also rose during the period.
Oracle said adjusted earnings in the quarter were 53 cents a share; analysts expected 52 cents. Revenue fell 2% to $8.45 billion, below estimates of $8.53 billion.
Under Armour said it's setting a target of $7.5 billion in revenue that year. The company reported revenue of $3.08 billion in 2014 and said it expects revenue of about $3.84 billion in 2015.
The DOJ's antitrust division didn't find any risks to competition in the online travel booking market or any threat to U.S. consumers, Assistant Attorney General Bill Baer said in a statement.