Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, May 24:
Sentiment remained subdued as the market continued to ponder the possibility of a pullback in Federal Reserve stimulus and remained jittery about the state of China's economic strength.
2. -- The economic calendar in the U.S. Friday includes durable-goods orders for April at 8:30 a.m. EDT.
3. -- U.S. stocks on Thursday closed lower after a choppy trading session, as investors worried the Federal Reserve would scale back stimulus and China could be headed for a slowdown.
The S&P 500 closed down 0.29% to 1,650.51.
4. -- Procter & Gamble
Lafley will replace CEO Bob McDonald, effective immediately. McDonald, who will retire June 30 after a transition period, has been CEO since 2009.
Lafley, who served as CEO of the company from 2000 to 2009, also was named chairman and president.
5. -- Lois Lerner, the Internal Revenue Service supervisor whose agents targeted conservative groups, was placed on administrative leave from her position as the director for the agency's tax-exempt organizations division as of Thursday, according to lawmakers, The Wall Street Journal reported.
6. -- The Federal Trade Commission is in the early stages of an antitrust probe into whether search giant Google
7. -- Dish Network
Dish received signed commitment letters from five banks , including Barclays Bank and Jefferies & Co., the people told the newspaper. Including about $2.6 billion it raised in bonds last week, Dish ow has raised close to $12 billion for the deal.
8. -- Pandora Media
The company's revenue outlook also topped Wall Street estimates as its mobile advertising sales accelerated and the company added more subscribers during the quarter.