Blackstone Backs Away From Dell and SeaWorld Heads to Market: Morning Buzzers

U.S. stock futures edged higher on Friday morning, suggesting that Mr. Market may end the week on a positive note.

Futures at 8:50 a.m.: DJIA: +0.24%, S&P 500: +0.41%, NASDAQ: +0.40%.

Here’s what’s buzzing on Friday morning:

Blackstone Group (NYSE:BX) has reportedly backed away from its pursuit of Dell (NASDAQ:DELL). People familiar with the matter told the Wall Street Journal that the firm cited declining PC sales and concerns about Dell’s operating income in its decision. Dell stock was off as much as 3 percent in pre-market trading.

Meanwhile, SeaWorld Entertainment, which was bought by Blackstone for $2.3 billion in 2009, is set to make its debut on the New York Stock Exchange. The shares have been priced at $27 each, toward the top of the expected range. At that price, the IPO will raise $702 million and value the company at $2.5 billion.

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Google (NASDAQ:GOOG) was up about 1.3 percent in pre-market trading. The company reported that adjusted earnings increased 14.88 percent to $11.58 per share year over year, while revenue increased 3.43 percent to $11.01 billion… (Read more.)

IBM (NYSE:IBM) was off as much as 4.8 percent in pre-market trading. The company reported that adjusted earnings increased 7.91 percent to $3.00 per share year over year, while revenue decreased 5.13 percent to $23.41 billion… (Read more.)

Microsoft (NASDAQ:MSFT) climbed as much as 3.16 percent in pre-market trading. The company7 reported that adjusted earnings increased 20 percent to $0.72 per share year over year. Revenue rose 17.71 percent to $20.49 billion… (Read more.)

SoftBank does not look like it will increase its bid for Sprint (NYSE:S) now that Dish (NASDAQ:DISH) is in play. Bloomberg reports that the Japanese company will remain focused on its current bid for 70 percent of the U.S. mobile phone company. The company has reiterated that it still believes its bid offers superior prospects.

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