Stock futures slip amid global growth woes
Stock index futures pointed to a lower open on Wall Street on Monday as worries about the global economy persisted. At 0900 GMT (5 a.m. EDT) futures for the S&P 500, Dow Jones and Nasdaq were 0.3 to 0.4 percent lower.
Investors will closely watch second-quarter results from retailers Lowe's Co. and Urban Outfitters
At 1230 GMT (8:30 a.m. EDT), investors will eye the New York Federal Reserve Empire State Manufacturing Survey for August. Economists in a Reuters survey expect a reading of 8.00, compared with 5.08 in July.
At 1400 GMT (10 a.m. EDT), the National Association of Home Builders/Wells Fargo issues the August housing market index. Economists in a Reuters survey expect a reading of 15, up from 14 in July.
General Motors Co
A group of investors including companies from the United States, Europe and the United Arab Emirates has formed in a bid to disrupt one of Intel Corp's
The companies have put $48 million into Smooth-Stone, a startup based in Austin, Texas, betting that it can modify low-power smartphone chips to run servers, the computers in corporate data centers.
Bank of America Corp is considering whether to reduce its stake in asset manager BlackRock Inc
Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said.
The organization of state insurance regulators has issued a consumer alert about retained assets accounts (RAAs), days after the Federal Deposit Insurance Corp (FDIC) said life insurers using the product should reveal more information.
The Wall Street Journal reported that Todd Katz, executive vice president for insurance products at MetLife Inc
Oil edged above $75 a barrel on Monday, boosted by a weaker dollar, but concerns about faltering economic recovery in some big oil consuming nations capped gains.
European shares slipped 0.4 percent on Monday after two straight session of gains, led lower by financials. The latest figures showing Japan's economic growth slowed sharply in April-June raised concerns about the global economic recovery.
Japan's Nikkei <.N225> fell 0.6 percent, recovering from an early drop of as much as 1.7 percent after gross domestic product grew just 0.1 percent in the second quarter, lagging forecasts of 0.6 percent.
U.S. stocks closed out their worst week in six with a whimper on Friday, slumping toward the close as economic data gave little reason to reverse a string of sell-offs.
The Dow Jones industrial average <.DJI> dropped 0.2 percent, the Standard & Poor's 500 Index <.SPX> fell 0.4 percent and the Nasdaq Composite Index <.IXIC> lost 0.8 percent.
(Reporting by Joanne Frearson; Editing by Michael Shields)
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