* Cisco falls after results, outlook
* Comcast to buy Time Warner
* Whole Foods drops after cutting forecast
* Futures down: Dow 59 pts, S&P 8 pts, Nasdaq 18.25 pts
By Chuck Mikolajczak
NEW YORK, Feb 13 U.S. stock index futures
declined on Thursday, after a disappointing outlook from Cisco
Systems and ahead of data on retail sales and the labor market.
* Cisco fell 4 percent to $21.94 in premarket
trading after the network gear maker forecast a drop of 6 to 8
percent in revenue in the current quarter.
* Investors will eye retail sales data and weekly initial
jobless claims due out at 8:30 a.m. EST (1330 GMT). Retail sales
are expected to be flat in January after a 0.2 percent decline
in December. Initial claims are expected to come in at 300,000,
a slight drop from the 331,000 reported in the prior week.
* Comcast Corp said it would buy Time Warner Cable
Inc for $45.2 billion in an all-stock deal that combines
the two largest U.S. cable operators.
* Time Warner shares rose 9.4 percent to $148 in premarket
while Comcast shed 3.2 percent to $53.50. Shares of Charter
Communications Inc, which had also pursued Time Warner,
fell 6.2 percent to $129 before the opening bell.
* S&P 500 e-mini futures fell 8 points and were
below fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration on
the contract. Dow Jones industrial average futures lost
59 points and Nasdaq 100 futures dropped 18.25 points.
* A deadly winter storm gripped the southeastern United
States on Wednesday, crippling travel, grounding flights,
knocking out power to 363,000 customers.
* A scheduled hearing by Federal Reserve Chair Janet Yellen
in front of the U.S. Senate Banking Committee on Thursday was
postponed due to the snowstorm in the U.S. East Coast. Yellen's
testimony Tuesday helped fuel strong gains on Wall Street.
* Whole Foods Market Inc lost 8.9 percent to $50.55
in premarket after the largest U.S. organic and natural food
retailer stunned investors on Wednesday by cutting its 2014
sales forecast for the second time in three months.
* PepsiCo Inc reported a 5 percent jump in quarterly
profit, helped by strong sales of Frito-Lay chips in the
Americas and cost-cutting measures.
* Of 365 companies in the S&P 500 that had reported earnings
through Wednesday morning, 67.7 percent have beaten profit
expectations, above the long-term average of 63 percent,
according to Thomson Reuters data.
* The S&P 500 closed lower on Wednesday, with a four-day
rally in the index just barely coming to an end after Procter &
Gamble cut its outlook.
* European stocks snapped a week-long winning streak on
Thursday, weighed by a batch of disappointing updates from
blue-chip companies including Swiss food group Nestle
and French bank BNP Paribas.
* Asian shares stepped back from three-week highs on
Thursday, snapping a five-session winning streak that was
underpinned by receding concerns about global growth prospects
and reassurance over U.S. monetary policy.