Stock futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.5-0.6 percent at 4.22 a.m. ET.

Bank of America Corp plans to select an emergency chief executive officer this week if legal issues force Ken Lewis to leave before year-end, the Wall Street Journal said, citing a person familiar with the situation.

Prudential Financial Inc

may sell its investment and fund management businesses in South Korea, a deal which could fetch about $850 million.

A U.S.-led consortium has entered the race to buy Volvo from Ford Motor , the Financial Times reported, in a challenge to China's Geely Automotive <0175.HK>, which confirmed its interest in the money-losing Swedish carmaker last month. Ford shares in Frankfurt fell 1.1 percent.

Goldman Sachs would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.

Prince Alwaleed bin Talal, a big investor in Citigroup , urged the U.S. government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.

The Institute for Supply Management releases its September non-manufacturing index at 10 a.m. ET. Economists in a Reuters survey forecast a reading of 50.0 versus 48.4 in August.

Also at 10 a.m., the Conference Board releases its employment trend index for September. The index read 88.1 in August.

Global finance chiefs told commercial banks at the weekend that resisting tighter regulation of the industry was futile, though bankers warned the reforms could hurt economic recovery.

Federal Deposit Insurance Corp Chairman Sheila Bair said ensuring secured creditors face losses when a financial institution fails could help rein in excessive risk-taking and strengthen the financial system.

General Electric Co and Comcast Corp , working on a deal to spin off GE's NBC Universal, have valued it at $30 billion, including $9 billion of debt, a source close to the talks told Reuters on Friday.

Data storage equipment maker Brocade Communications Systems Inc has put itself on the selling block, the Wall Street Journal said, citing people familiar with the matter. The paper said Oracle Corp and Hewlett-Packard were potential bidders for the company but a deal was not imminent and Brocade might not even go ahead with a sale.

The administrator for Lehman Brothers Holdings Inc plans to seek permission to remove the claims against the bank from British courts and give out assets directly to creditors, the Wall Street Journal said, citing a joint administrator for the collapsed investment bank.

Three U.S. banks failed on Friday, bringing the total of 98 this year, as regulators continue to shutter financial institutions that are overwhelmed by bad loans and liquidity problems.

The dollar fell after a G7 meeting at the weekend brought no surprises, which the market took as a signal policymakers are comfortable with a gradual dollar decline as part of global economic rebalancing.

The G7 rich nations said on Saturday that too much volatility in foreign exchange markets could hurt the global economy and financial system, and again welcomed China's pledge to move toward greater currency flexibility.

Europe's FTSEurofirst 300 <.FTEU3> index rose on Monday, while Japan's Nikkei average <.N225> slipped 0.6 percent.

U.S. stocks fell for the fourth straight day on Friday as weak jobs data gave more evidence the economic recovery would be less robust than expected.

The Dow Jones industrial average <.DJI> fell 21.61 points, or 0.23 percent, to end at 9,487.67. The Standard & Poor's 500 Index <.SPX> dropped 4.64 points, or 0.45 percent, to 1,025.21. The Nasdaq Composite Index <.IXIC> lost 9.37 points, or 0.46 percent, to 2,048.11.

(Reporting by Dominic Lau; Editing by Hans Peters)

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