U.S. stock futures are higher this morning ahead of the employment report.
The report is expected to show a gain of 185,000 jobs for March. Follow the release at Money Game >
The big news of day so far is Nasdaq’s $11.3 billion hostile bid for NYSE. The Japanese government is planning on acquiring a 50% stake in TEPCO to help out the company in the wake of the Fukushima crisis.
Bill Ackman’s Pershing Square bought an 8.6% stake in Alexander & Baldwin which sent its shares surging.
There was a ton of earnings news out though most of the companies’ reports came in below analyst expectations and were way down in after-hours trading. Here is a roundup of earnings:
- Krispy Kremes fell below expectations
- Medifast missed analyst estimates
- GNC Holdings will start publicly trading today