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Here are five things you need to know for Thursday, July 12:
1. – Future perspective of a rebound from Wall Street
U.S. Equity futures advanced on Thursday (July 12th), and global equities rallied following a decline in the previous session caused by the US trade war with China.
Dow Jones Industrial Average contracts
US and global stocks tumbled on Wednesday, July 11, after the United States threatened to pay an additional $ 200 billion. Products made in China. The Dow Jones fell 219 points, or 0.88%, to 24,700, the S & P 500 slipped 0.71% and the Nasdaq 0.55%
The US economic calendar on Thursday includes the 39, Consumer Price Index for June at 8:30 am ET, and Weekly Unemployment Claims at 8:30 am
Profits are expected Thursday from Delta Air Lines Inc. (DAL) and National Beverage Corp. (FIZZ).
2. – Broadcom Acquires CA Technologies
Broadcom Inc. (AVGO) has entered into an agreement to acquire the CA Technologies (CA) software company for $ 18.9 billion cash.
CA shareholders will receive $ 44.50 per share under the terms of the agreement, which has been approved by the boards of directors of both companies.
The price is about 20% higher than the closing price of CA Technologies Wednesday of $ 37.21.
The acquisition of CA by Broadcom follows an unsuccessful bid to acquire Qualcomm Inc. (QCOM) earlier this year after the Trump administration blocked the deal. agreement on national security concerns.
Although it's not a shock to see Broadcom pursue another major acquisition, Eric Jhonsa of TheStreet said it's safe to say that few expected the target to be a firm 42-year-old enterprise software.
This decision largely explains just how much CEO Hock Tan and the rest of Broadcom's management team are convinced that a wide variety of technology acquisitions will pay off if the valuations are reasonable and if significant savings are realized. Nevertheless, it is fair to wonder if Broadcom has gone too far from its traditional wheelhouse this time by buying CA.
3. – Sky jumps after Comcast raises its bid for pay TV
Sky PLC shares (SKYAY) increased by more than 2% in London on Thursday after a public offering of Improved purchase of Comcast Corp. (CMCSA) which will likely trigger an auction war for Europe's largest pay TV group.
Comcast said Wednesday evening that it would pay £ 14.75 per share for Sky, which is 39% – owned by Twenty-First Century Fox Inc. (FOXA) in an offer which completes its previous offer of £ 12.50 and outweighs the improved offer of £ 14 a Fox share that was announced on Wednesday. [19659004] The offer of Comcast values Sky at $ 34 billion, just before Fox's $ 32.5 billion bid, the two companies claiming to have obtained regulatory approval from the authorities of United Kingdom and the European Union.
Sky is at the heart of the rebounding fight between Comcast and Walt Disney Co. (DIS) who are struggling to buy Fox's entertainment properties.
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4. – Papa founder John Schnatter resigns as president
Papa John's International Inc. (PZZA) said his founder, John Schnatter, resigned from his presidential post after apologizing for using a racial insult in May.
Tuesday, July 10, Schnatter used the n-word on the call in May. Asked how he would distance himself from racist groups, Schnatter reportedly complained that Colonel Sanders had never been hurt for using that word.
In a statement issued by Papa John's, Schnatter said reports attributed the use of inappropriate terms.
"No matter the context, I'm sorry," the statement said.
5. – Twitter to purge suspicious accounts
Twitter Inc. (TWTR) said on Wednesday that it would start removing suspicious accounts that it has locked out of its user subscriber accounts.
The social media platform has declared tens of millions of accounts due to a suspicious activity will be purged of its follower accounts, a closely watched measure. The company said "most" people would lose "four or fewer followers," but key Twitter accounts – like those of celebrities and public figures – "will see a bigger drop," CNN reported
. does not affect the number of monthly or daily active user counts. In the first three months of 2018, Twitter had 336 million active users
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