Stock index futures mixed; Egypt in focus
Stock index futures were mixed on Monday, with investors in a cautious mood due to the Egyptian political upheaval. Investors are worried about the possibility the unrest could spread to other Arab nations, which could drive up oil prices and potentially dampen growth prospects.
At 1018 GMT, futures for the S&P 500 were up 0.1 percent, Dow Jones futures were down 0.3 percent and Nasdaq futures were flat.
Brent crude closed in on $100 a barrel on Monday on the Egyptian unrest.
Corporate earnings will again be a focus for the market. Exxon Mobil Corp's, will release fourth-quarter earnings, with profits expected to rise more than 30 percent.
Other companies due to report fourth-quarter earnings include Anadarko Petroleum Corp., Gannett, Illinois Tool Works Inc. and Eastman Chemical Company.
On the macro economic front, the focus will be on the Institute for Supply Management-New York release of the January index of regional business activity at 1330 GMT, while the Chicago PMI for January is due out at 1445 GMT.
In M&A, Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media giant that controls how television shows and movies are delivered to people's homes not just how they are made.
The U.S. Justice Department's review of Google Inc's planned acquisition of airline ticketing software company ITA Software is focusing on making sure ITA's products remain available, even to Google's rivals.
Citigroup Inc is open to holding back some toxic assets in a bid to get the most value from the sale of its consumer finance business, CitiFinancial.
French media-to-aerospace conglomerate Lagardere said on Monday it would sell its international magazines to U.S.-based Hearst Corp for 651 million euros ($886.7 million) in cash.
Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year.
CNOOC Ltd will pay $1.3 billion in its second shale deal with America's Chesapeake Energy Corp, the latest move by China's top offshore oil producer in its aggressive drive for overseas acquisitions.
Bookseller Borders Group will conserve cash by delaying its January payments to vendors and landlords as it tries to complete a debt restructuring, the company said on Sunday.
The Wall Street Journal said, citing people familiar with the matter, the founder of U.S. hedge fund firm Barai Capital Management has been drawn into the government's insider trading probe that involves expert network firms.
European shares fell 0.4 percent on the Egyptian turmoil, with travel stocks among the worst performers.
Stocks suffered their biggest one-day loss in nearly six months on Friday as investors to fled risky assets following the anti-government rioting in Egypt.
The Dow Jones industrial average ended down 1.4 percent, the Standard & Poor's 500 Index was down 1.8 percent and the Nasdaq Composite Index fell 2.5 percent.
(Reporting by Joanne Frearson. Editing by Jane Merriman)
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