U.S. stock futures were pointing to a sharp decline for the Dow at Friday's open, in a wild week that saw blue chips come out of correction and then back in.
in the San Francisco Bay Area — including its Menlo Park headquarters — to work from home. The social network is scrapping all Bay Area events and telling workers to cancel all travel in and out of the region. Earlier this week, the company instructed employees in Puget Sound and California's Bay Area to work from home and limit travel.
H&R Block reported an adjusted quarterly loss of 59 cents per share, 4 cents wider than anticipated, although revenue did beat forecasts. The bottom line was impacted by higher-than-anticipated expenses. Okta reported an adjusted quarterly loss of 1 cent per share, smaller than the 5 cent loss projected by Wall Street analysts. The identity management software provider also reported better-than-expected revenue for the quarter, as subscription sales increased.
Big Lots is the target of activist investors Macellum Advisors and Ancora Advisors, who have taken a more than 10% stake in the discount retailer. The Wall Street Journal reports the funds have privately nominated nine directors, including ex-Big Lots CEO Steven Fishman.
from Cape Canaveral Air Force Station Friday night. The rocket will send the company's Dragon 1 spacecraft to the International Space Station for its 20th resupply mission.
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