Here are 10 things you should know for Friday, Feb. 12: 

1. -- U.S. stock futures were rising Friday and European stocks rebounded and oil prices came off 12-year lows.

Asian shares finished the session lower, after Japan's main stock index lost nearly 5%.

Oil prices in the U.S. rose 3.9% to $27.23 a barrel. Crude fell as low as $26.21 in New York on Thursday, its lowest level since May 2003.

2. -- The economic calendar in the U.S. Friday includes Export and Import Prices for January at 8:30 a.m. EST, Retail Sales for January at 8:30 a.m., Business Inventories for December at 10 a.m., and the University of Michigan Sentiment Index for February at 10 a.m.

3. -- U.S. stocks on Thursday moved off of session lows by the close but remained deep in the red.

The S&P 500 fell 0.9%, and the Nasdaq dropped 0.4%. The Dow Jones Industrial Average fell 1.6%, or 255 points, rebounding a bit from a 400-point loss earlier in the session.

Stocks spent the majority of Thursday with losses of more than 1% as investors grew skeptical that global central banks could rein in rampant volatility and soothe financial markets.

4. -- Jamie Dimon, chairman and CEO of JPMorgan Chase (JPM - Get Report) , spent $26 million of his personal fortune to buy 500,000 shares of the bank's stock on Thursday, the New York Times reported.

The purchase was confirmed by a person with knowledge of the transaction, the Times said. JPMorgan shares fell Thursday by 4.4% to $53.07. The stock is down 16.6% for the year.

5. -- AIG (AIG - Get Report) , the bailed-out insurer that Carl Icahn wants to break up, agreed to give board seats to one of his representatives as well as activist investor John Paulson.

The New York-based company said it would nominate its existing 14 directors, Paulson and Samuel Merksamer, a managing director of Icahn Capital, for election at this year's annual shareholder meeting, effectively expanding the board by two seats.

Icahn, who declined to take the seat himself because of his involvement with a number of other companies, said he was pleased Paulson was joining as well. "We both have stated the same goals for AIG," he noted in a statement, namely to break the insurer into three separate companies.

AIG's appointments were announced simultaneously with the board's decision to raise its dividend 14%, even after it reported a quarterly loss that was wider than Wall Street estimates. AIG's board also approved $5 billion in share buybacks, on top of $2.5 billion so far this year.

6. -- Supermarket chain Kroger (KR - Get Report) is seeking to acquire Fresh Market (TFM) , a specialty grocery retailer that has been exploring a sale, Reuters reported, citing people familiar with the matter.

Kroger is in the second round of an auction process for Fresh Market that has also attracted other companies and private-equity firms, the people told Reuters this week. Apollo Global Management, KKR & Co. and TPG Capital are among the buyout firms participating in the auction, the people added.

7. -- Pandora Media (P) , the largest Internet radio service, has held discussions about selling the company, the New York Times reported, citing people briefed on the talks.

Pandora is working with Morgan Stanley to meet with potential buyers, said the people. The talks are preliminary and may not lead to a deal, the people told the Times.

Shares of Pandora have fallen more than 60% since October. 


8
. -- CBS (CBS - Get Report) posted fourth-quarter earnings of $261 million, or 55 cents a share, down from $413 million, or 79 cents, a year earlier. Adjusted earnings in the quarter were 92 cents a share, which topped Wall Street forecasts.

Revenue in the quarter rose to $3.91 billion from $3.68 billion. Advertising revenue rose slightly to $2.16 billion.

9. -- Groupon (GRPN - Get Report)  swung to a fourth-quarter loss of 8 cents a share after reporting a profit of 1 cent a share a year earlier.

Adjusted earnings in the latest quarter were 4 cents a share, which topped forecasts.

The online daily deal service posted revenue of $917.2 million in the period, also surpassing Wall Street forecasts.

The number of active customers rose 3% from a year earlier to 48.9 million in the fourth quarter.

Groupon said it expects full-year revenue in the range of $2.75 billion to $3.05 billion.

10. -- Earnings are expected Friday from ITT (ITT - Get Report) , Interpublic Group (IPG - Get Report) and Red Robin Gourmet Burgers (RRGB - Get Report) .