Alibaba Shuns Hong Kong, Twitter May Go Public November 15: Morning Buzzers
U.S. stock futures rose Thursday morning, as it seems lawmakers may be closer to reaching an agreement that will prevent the U.S. from defaulting on its debt. President Obama is set to meet with House Republicans to discuss such an agreement. The government is in the 10th day of the shutdown, and the U.S. Treasury has warned that borrowing authority will lapse by October 17.
Futures at 8:30 a.m.: DJIA: +0.69%, S&P 500: +0.81%, NASDAQ: +0.86%.
Here’s your cheat sheet to what’s buzzing this morning.
Microsoft (NASDAQ:MSFT) is reportedly hoping to find a replacement for CEO Steve Ballmer by the end of the year. People familiar with the matter who spoke to Bloomberg said that Microsoft’s board is narrowing down its list of possible candidates. Favorites include Ford (NYSE:F) CEO Alan Mulally; Nokia (NYSE:NOK) CEO Stephen Elop, who will begin working at Microsoft when the acquisition of Nokia’s handset business is completed; and Microsoft executives Paul Mauritz and Tony Bates. The time at which a new CEO could start depends on negotiations over compensation and arranging to leave their respective companies, Bloomberg’s sources said.