The economic calendar in the U.S. Monday is light on data.
U.S. stocks on Friday soared as long checkout lines and positive economic data out of China and Germany supplied the fuel for a Black Friday lift-off. The Dow Jones Industrial Average surged nearly 173 points, or 1.35%, to close at 13,009, the first finish above 13,000 since Nov. 6. The blue-chip index rose 3.35% for the week and is now up 6.48% in 2012.
Knight Capital Group (KCG - Get Report) could sell its market-making business -- the company's biggest and most profitable business -- but also the unit that suffered a trading glitch in August that cost the company losses of more than $460 million in the third quarter, The Wall Street Journal reported.
Apple (AAPL - Get Report) asked a federal court to add six more products to its patent infringement lawsuit against South Korea's Samsung. The products include the Galaxy Note II, Galaxy S III with Android 4.1, Galaxy S III mini, Samsung Rugby Pro, Galaxy Tab 8.9 Wi-Fi and Galaxy Tab 2 10.1.
U.S. shoppers hit stores and Web sites at record numbers over the Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. A record 247 million shoppers visited stores and Web sites over the four-day weekend starting on Thanksgiving, up 9.2% from last year, according to a survey of 4,000 shoppers that was conducted by research firm BIGinsight for the trade group. The average holiday shopper spent $423 over the entire weekend, up from $398 a year earlier. Total spending over the four-day weekend totaled $59.1 billion, up 12.8% from 2011. Online retailers such as Amazon (AMZN - Get Report)and eBay (EBAY), and more traditional retailers such as Wal-Mart (WMT) and Target (TGT), could see activity on Cyber Monday, when shoppers take to the Web to make their holiday purchases. ComScore estimated that Cyber Monday sales could exceed $1.5 billion.
Swiss banking giant UBS (UBS) was fined almost $50 million by the U.K.'s Financial Services Authority for failings which allowed a rogue trader to lose $2.3 billion.
Baxter International (BAX - Get Report)is in talks to buy Swedish medical-equipment maker Gambro for roughly $4 billion, the Journal reported, citing people familiar with the matter, in a move that would boost Baxter's kidney-dialysis business.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.