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Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 34 points higher while the broader S&P500 index is looking to open over 3 points higher.

Earlier this week, Pandora announced they reached 100 million registered users and 36 million monthly active users of its music-streaming service. Since the company went public in June, shares of Pandora have varied.

Shares of Pandora Media Inc. (NYSE:P) plunged $1.05, or nearly 6% to $16.88 on Thursday after the company's stock drew back on the same day that Spotify was released in the U.S.

Economists had expected new requests for jobless benefits to total 420,000 during the week ended July 9. Claims in the prior week were revised up to 427,000 from an original reading of 418,000.

The average of new claims over the past four weeks dropped 3,750 to 423,250.

The Labor Department reported that new applications for unemployment benefits fell last week by 22,000 to a seasonally adjusted 405,000, which brings claims to the lowest level in three months.

Shares of Validus Holdings are trading up 0.77% at $30.23.

Validus Holdings has a potential upside of 22.9% based on a current price of $30.23 and an average consensus analyst price target of $37.14.

UBS lowered its price target for Validus Holdings Ltd. (NYSE:VR) to $37 from $38 today but reiterated its buy rating on the company.

One factor may have been that videogame sales were released by the NPD group on Monday, where "L.A. Noire" sold 899,000 units for the month, making it the top-selling game for May.

Take-Two Interactive Software Inc. (NASDAQ:TTWO) shares fell Tuesday after lower-than-expected sales of the company's newest release "L.A. Noire." Disappointing critic scores for the long-awaited "Duke Nukem" didn't help either. T

The company said it expects total production for the year to drop 6% to 3.3 million total vehicles for the year, down from 3.51 million in its year ended in March 2011.

Honda is projecting a profit of $2.4 billion, down sharply from the $6.6 billion recorded last year, and far lower than the post-quake consensus estimate for $5.0 billion.

Honda Motor Co. (NYSE:HMC) forecast a 65% drop in annual profit for its year ended March 2012 this morning, as vehicle production continues to be hampered due to the March 11th earthquake.

DragonWave (NASDAQ:DRWI) is down after it says it cut its revenue forecast for Q1 to approximately $11 million. A North American customer deferred a significant shipment of equipment into the future, it said. In addition, regulato

The automaker reported that its dealers in the United States sold 221,192 vehicles in May, a 9% increase in retail sales versus the same period in 2010, boosted by sales of GM's fuel-efficient passenger cars and crossovers. Total

Compared with last year, May fleet sales were 16% lower as rental volumes declined 21%.

Consumer shares are down in mid-day trading while General Motors (NYSE:GM) slumps after reporting mixed sales in May.

In mid-day news, shareholders for both Alpha Natural Resources (ANR) and Massey Energy Co. (MEE) today at their respective special stockholders' meetings said that they have approved various proposals related to Alpha's acquisitio

Energy shares are down in mid-day trading as crude oil futures fall below $101 a barrel at the New York Mercantile Exchange. Light, sweet crude for July delivery is trading down 1.8% to $100.85 a barrel.