Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- U.S. stock futures were pointing lower Monday ahead of a meeting by finance ministers in the eurozone to discuss providing debt-laden Greece with the next round of emergency loans.

European stocks were trading lower while Asian stocks ended Monday's session mixed. Japan's Nikkei 225 index rose 0.2% to close at 9,388.94.

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The economic calendar in the U.S. Monday is light on data.

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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.

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Knight Capital Group (KCG) 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.

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Apple (AAPL) 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.

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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)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.

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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.

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Baxter International (BAX)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.

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-- Written by Joseph Woelfel



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