Stock index futures slightly higher

Fri Mar 30, 2012 5:33am EDT
 
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Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.

European stocks rose in early trade on Friday as bargain hunters jumped in following a sharp three-session drop, betting that euro zone finance ministers will agree to double the region's bailout funds in a meeting later in the day.

Japan's Nikkei .N225 share average closed down 0.3 percent, falling for a third straight session as investors pocketed gains from the strongest first-quarter rally in 24 years, while the market waited on key global events next week for direction.

Apple Inc (AAPL.O: Quote) and its main contract manufacturer Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business in China.

Google Inc (GOOG.O: Quote) is planning to open an online store to sell tablet PCs directly to consumers, according to a report in The Wall Street Journal on Thursday.

EBay Inc (EBAY.O: Quote) named mobile technology entrepreneur David Marcus president of its PayPal unit on Thursday, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc (YHOO.O: Quote).

At least four analysts slashed their price targets on Research in Motion RIM.TO RIMM.O after the Canadian company said BlackBerry shipments slumped for its holiday quarter.

Verizon Communications Inc (VZ.N: Quote) is aiming to offer an integrated video service for its wireless customers, its FiOS customers and its cable partners as soon as this holiday season, according to a Wall Street Journal report citing the telephone company's chief executive.

Telecom equipment maker Avaya Corp may have to push out its initial public offering to 2013 amid fierce competition for investor attention from hot technology properties like Facebook Inc.   Continued...

 
Traders work on the floor of the New York Stock Exchange, March 27, 2012. REUTERS/Brendan McDermid