March 14 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, March 14:
1.-- U.S. stock futures were pointing higher Friday, though market participants were bracing for a choppier trading session amid concerns about China's growth and heightened global tensions over Ukraine.
2.-- The economic calendar in the U.S. on Friday includes the Producer Price Index for February at 8:30 a.m. EDT and the University of Michigan Sentiment Index for March at 9:55 a.m.
3.-- U.S. stocks on Thursday tumbled the most in a month as fears about China's slowing economy and the crisis in Ukraine gripped investors, and outweighed an increase in retail sales.The Dow Jones Industrial Average plummeted 230 points, or 1.4%, to close at 16,110.08, while the S&P 500 dropped 1.2% to 1,846.35. The Nasdaq slumped 1.5% to 4,260.42.
5. -- Liberty Media
Liberty offered to buy out minority shareholders in Sirius in a deal worth more than $10 billion, but said Thursday the "offer for Sirius XM is no longer applicable."
Liberty shares rose 6.6% in premarket trading to $134.48; Sirius shares fell 0.6% to $3.35.
6. -- BP
The oil company had been suspended from performing any new government work since November 2012, after it agreed to plead guilty and to pay a $4.5 billion fine for criminal charges involving the death of 11 workers and lying to Congress about how much oil was spilling into the Gulf of Mexico.
BP shares rose 0.1% in premarket trading.
7. -- Teen retailer Aeropostale
Sales fell 16% and same-store sales during the quarter declined 15%.
The company also reached a deal with private-equity firm Sycamore Partners for a 5% stake.
The stock fell 13.8% in premarket trading to $6.29.
8. -- Nelson Peltz , whose bid to break up PepsiCo
9. -- Cooper Tire & Rubber
10.-- U.S. safety regulators have recorded 303 deaths when airbags failed to deploy in 1.6 million compact cars recalled last month by General Motors