Ub News

U.S. stock futures were flat as investors take stock of a recent run-up in stock prices and four days worth of economic releases, with no new data scheduled for Friday.

S&P 500 futures fell 0.8 point to 1160.50 and Nasdaq 100 futures slipped three-quarters of a point to 1941.00. Futures on the Dow Jones Industrial Average dropped 6 points.

Bank of America home loans have been very low for much of 2010 and that seems to the trend going into April. Mortgage refinance rates are lower this week as the 10 year treasury rate yield has dropped below its 50 day moving average. Just yesterday we wrote that mortgage rates we expected to fall until the 10 year yield finds support at the 200 day moving average, according to Subprime Blogger. Bank of America Corp. (NYSE:BAC, $17.08, -$0.19, -1.1%) rose 0.23 percent to $17.12 on Friday morning pre-market trading session, while on Thursday, shares of Bank of America fell 1.1 percent, closed on $17.08 and BofA jumped 7.56 percent in the past one month trading.

Citigroup Inc. may withdraw from Bharti loan talks for $8.5 billion U.S. dollar loan. Citigroup Inc. (NYSE:C, $4.02, -$0.03, -0.74%) jumped 0.25 percent to $4.03 on Friday morning pre-market trading session, while on Thursday, Citigroup shares dropped 0.74 percent, closed on $4.02.

Palm, Inc. said Thursday after the markets closed that its third quarter loss narrowed from last year, helped by higher revenue and gain on series C derivatives. Palm executives told analysts on a conference call that fourth-quarter revenue will be less than $150 million. Palm, Inc. (NASDAQ:PALM, $5.65, +$0.28, 5.26%) fell 17.70 percent to $4.65 on Friday morning pre-market trading session, while on Thursday, shares of Palm Inc. rose 5.26 percent, closed on $5.65.

Lloyds Banking Group surprised the market by announcing that bad debt charges had been lower than expected in the first 10 weeks of the year, and that it now expected to be profitable for the rest of 2010. Lloyds shares rose 9 percent in morning trading and led the sector higher in Europe. Lloyds Banking Group PLC (NYSE:LYG, $3.41, -$0.12, -3.4%) jumped 9.38 percent to $3.73 on Friday morning pre-market trading session, while on Thursday, Lloyds shares dropped 3.4 percent, closed on $3.41.

Addus HomeCare Corp.’s posted fourth-quarter loss widened, hurt by a slowdown in admissions from its integrated services program. Addus lost $3.7 million, or 48 cents per share, in the fourth quarter. That compares with a loss of $63,000, or 6 cents per share, in the same period a year earlier. Addus HomeCare Corp (NASDAQ:ADUS, $8.90, +$0.4, 4.71%) fell 15.84 percent to $7.49 on Friday morning pre-market trading session, while on Thursday, shares of Addus rose 4.71 percent, closed on $8.90.