RadioShack’s big loss and retail sales numbers — 5 things to know today

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Ben Geier

Good morning, friends and Fortune readers.

U.S. stocks look set to rebound at Thursday’s open after the Dow’s 268-point drop Wednesday — its worst one-day decline since Oct. 9, driven lower by tumbling energy stocks. Oil prices are steady this morning, after dropping again Wednesday. Traders will be dissecting a handful of economic reports today related to jobs and retail sales in November, which should show the impact of falling energy prices and Black Friday spending.

Here’s what else you need to know about.

1. Google plays hardball in Spain

Google  GOOG -1.37%  is shutting down the Spanish version of its Google news service ahead of an intellectual property law set to take effect in January, the BBC reports. The new law would allow news companies in Spain to charge services like Google for listing their websites in search results.

2. RadioShack under attack

Thanksgiving weekend same store sales were up at RadioShack  RSH -3.34% , but that was about the only good news for the electronics retailer, which reported a 16 percent drop in quarterly sales Thursday and said it was undertaking cost-cutting actions to boost earnings.

3. Playstation 4 is coming to China

Starting Jan. 11, Chinese gamers will be able to buy Sony’s Playstation 4. Microsoft’s  MSFT -1.45%  XBox One also recently went on sale in China after the country ended a ban on foreign gaming consoles. Reuters notes that Sony  SNE 0.43%  is still worried about working with Chinese censors as it markets to Chinese consumers.

4. Another major IPO

Lending Club, an online market for loans, will start trading on the New York Stock Exchange today at a reported $15 a share. The public offering is expected to bring in around $870 million, which is not as big as some of the big market debuts we’ve seen this year, but is more than many expected.

5. Lululemon not excited for year’s end

Canadian yoga wear chain Lululemon  LULU -2.16% reported a better-than-expected quarterly profit Thursday as online sales jumped 27 percent. The results beat analysts’ expectations for the quarter, but the company looked to temper expectations for the end of the year.

—Reuters contributed to this report.