Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, April 11:
2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT.
3. -- U.S. stocks on Wednesday finished higher, with the S&P 500 setting another record high as the Federal Reserve indicated it will maintain its asset buying program for the foreseeable future.
The S&P 500 added 1.2% to 1,587.73, shattering its intraday record of 1,576.09 set in October 2007.
The Dow Jones Industrial Average move higher by 0.9% to 14,802.24 while the Nasdaq gained 1.8% to 3,297.25.
4. -- Microsoft
One person familiar with Microsoft's product plans told the newspaper that the 7-inch tablets weren't part of the company's strategy last year, but Microsoft executives realized they needed a response to the growing popularity of smaller tablets like Google's
5. -- T-Mobile USA raised its bid for MetroPCS
The announcement from T-Mobile parent Deutsche Telekom
Deutsche Telekom said the original offer had T-Mobile USA contributing $15 billion in shareholder loans to the combined company. The new offer reduces those loans to $11.2 billion, "significantly increasing the equity value of the combined company."
6. -- Chevron
The oil giant said U.S. production slipped because of maintenance on production platforms in the Gulf of Mexico.
7. -- Costco Wholesale
8. -- Toyota
The airbags were made by Japan's Takata.