NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Nov. 4:
1.-- U.S. stock futures were indicating Wall Street would open higher Monday but Asian stocks declined on fears the Federal Reserve will soon reduce the stimulus measures that have propped up the U.S. economy.
Hong Kong's Hang Seng index declined 0.3% while the Kospi in Seoul fell 0.7%.
Stocks in Europe were higher in early trading Monday.
2.-- The economic calendar in the U.S. Monday includes factory orders for August and September at 10 a.m. EST.
3.--U.S. stocks on Friday finished higher amid signs of strength in U.S. and Chinese manufacturing.
Bids from any other parties are due on Monday as well, and it's possible the deadline could be extended, according to the Journal.BlackBerry kicked off a sales process in August.
A potential bidding group, including the smartphone maker's co-founders, has been pursuing a bid for BlackBerry, the Journal reported, citing people familiar with the matter. Cerberus Capital Management and Qualcomm (QCOM) have been talking with BlackBerry co-founders Mike Lazaridis and Doug Fregin about mounting a joint bid.
5. -- HSBC (HBC), Europe's largest bank, said profit for the nine months through September rose 23% from last year to $13.5 billion on cost cuts and stable revenue. CEO Stuart Gulliver said the bank made further progress toward simplifying and restructuring, particularly with the recent sale of its Panama business.
HSBC's third-quarter pretax profit rose 30% to $4.53 billion from $3.48 billion a year earlier. 6.-- eBay (EBAY) is preparing to expand the range of digital currencies it accepts and said that its payments unit PayPal may one day incorporate Bitcoin, according to a report in The Financial Times. "Digital currency is going to be a very powerful thing," CEO John Donahoe told the FT in an interview.
7.-- Berkshire Hathaway (BRK.A), Warren's Buffet's company, said third-quarter profit rose 29% to $5.05 billion, or $3,074 per Class A share, up from year-earlier profit of $3.92 billion, or $2,373 per Class A share. Revenue in the quarter rose 13% to $46.5 billion. Berkshire Hathaway said earnings in the quarter were boosted by sales and investments it made during the financial crisis.
8. -- Cereal maker Kellogg (K) is expected by Wall Street on Monday to report third-quarter earnings of 89 cents a share on revenue of $3.71 billion.
9.-- Lululemon Athletica (LULU), which had to recall yoga pants from shelves in the spring because the pants were too sheer, has been receiving new quality complaints.
Complaints have cropped up on Lululemon's Facebook page and its Web site. The problems, which a spokeswoman said weren't widespread, involve pants pilling after a few months of wear, and about holes and seams coming apart.
The spring recall is likely to dent 2013 sales by $57 million to $67 million, according to Reuters.
10.-- About 36% of Americans say buying stock in Twitter, the microblogging service, would be a good investment, while 47% disagree, according to an Associated Press-CNBC poll.
Twitter's initial public offering is expected this week. -- Written by Joseph Woelfel To contact the writer of this article, click here:Joseph Woelfel To submit a news tip, send an email to:firstname.lastname@example.org.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts