Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- U.S. stock futures were suggesting Wall Street would open lower Monday while European shares were rising on expectations that the European Central Bank will soon act to support the eurozone economy.

Asian shares ended mostly higher on Monday. Japan's Nikkei 225 stock average finished up 0.8% to 8,635.44.

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The economic calendar in the U.S. on Monday includes the release of the Chicago Fed Midwest Manufacturing Index for June at 8:30 a.m. EDT. In May, the index read 93.4.

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U.S. stocks on Friday soared after eurozone leaders stepped up their pledges to preserve the single-currency bloc.

The Dow Jones Industrial Average closed up 188 points, or 1.46%, at 13,075.66, its first finish above 13,000 since May 7.

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General Motors (GM) said Sunday its global chief marketing officer, Joel Ewanick, had resigned. His resignation is effective immediately.

The Wall Street Journal reported earlier Sunday that Ewanick was on his way out. Citing anonymous sources, the newspaper said he and GM were expected to decide whether he would resign or be removed from the company.

News of Ewanick's departure follows GM's announcement Wednesday that it was restructuring its executive ranks to eliminate redundancy and complexity.

Although GM CEO Dan Akerson last month voiced support for Ewanick, the marketing chief has come under criticism for his decision to stop paid advertising on Facebook (FB), the Journal noted.

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Federal regulators are looking into engine problems on a Boeing (BA) 787 Dreamliner that caused the Charleston International Airport to temporarily close on Saturday.

Boeing said the 787 had an "engine issue" while it was undergoing preflight runway testing. Boeing also confirmed the National Transportation Safety Board was investigating the incident.

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Jury selection in federal court begins Monday in the patent fight between Apple (AAPL) and Samsung.

Apple alleges that Samsung's smartphones and computer tablets are illegal knockoffs of its iPhone and iPad. Apple is seeking $2.5 billion in damages.

Meanwhile, Apple and Twitter are currently not in discussions on Apple taking a stake in the social networking site, Reuters reported, citing sources familiar with the matter.

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Berkshire Bank of New York filed a lawsuit related to the Libor-setting scandal, alleging that it lost interest income because rates on loans tied to the London interbank offered rate were artificially depressed.

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Anadarko Petroleum (APC) is expected by analysts Monday to post second-quarter earnings of 77 cents a share on revenue of $3.45 billion.

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France won the Olympic 4x100-meter freestyle relay Monday in a time of 3:09.93, beating a U.S. team that included gold medalist Ryan Lochte and Olympic legend Michael Phelps. The U.S. team took silver.

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-- Written by Joseph Woelfel



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