April 4 Premarket Briefing: 10 Things You Should Know
Updated from 6:56 a.m. EDT
Here are 10 things you should know for Friday, April 4:
1.-- U.S. stock futures were rising slightly Friday ahead of the U.S. jobs report.
European stocks rose modestly in early trading. Asian shares ended the session mixed. Japan's Nikkei 225 index fell 0.1%.
2.-- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for March at 8:30 a.m. EDT.
3.-- U.S. stocks on Thursday fell as jobs growth in the service sector hit its lowest level in a year and unemployment claims rose.The S&P 500 closed off 0.11% to 1,888.75 while the Dow Jones Industrial Average finished unchanged at 16,572.42. The Nasdaq dropped 0.91% to 4,237.74.
4. -- The federal government announced Thursday that it reached a $5.15 billion settlement with Anadarko Petroleum
The settlement that resolves a legal battle over Tronox, a spinoff of Kerr-McGee, is the largest ever for environmental contamination, according to The Associated Press . The bulk of the money -- $4.4 billion -- will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination. Anadarko acquired Tronox in 2006.
Anadarko shares rose 1% in premarket trading to $100.
5. -- Liberty Media
Liberty Media paid $204 million for the 17% stake in 2011. Liberty Media will hold a stake of under 2% after the sale.
Barnes & Noble shares fell 13.5% on Thursday to $19.12.
6. -- Generic drugmaker Mylan
Mylan has appointed advisers to help it put together a deal for Meda, according to people familiar with the situation, the FT said. The process is at a preliminary stage, however, and no deal is certain.
The exact value of a takeover couldn't be determined but a person familiar with the matter said Mylan is likely to pay a "significant" premium to Meda's market value, which stood at $4.5 billion at the end of Thursday's trading, the FT reported.
Mylan shares rose 12.3% in premarket trading to $56.
7. -- Micron Technology
The company reported revenue of $4.11 billion, a 98% increase from the same quarter a year earlier. Analysts were looking for sales of $3.99 billion.
On a GAAP basis, Micron earned 61 cents a share on net income of $731 million, a swing from a year-earlier loss of of $286 million, or 28 cents a share.