Here are 10 things you should know for Monday, Dec. 16:
1.-- U.S. stock futures were lower on Monday and Asian shares declined ahead of Wednesday's announcement from the Federal Reserve on whether it will reduce economic stimulus for the U.S. economy.
European stocks rose after a closely watched index of manufacturing output beat forecasts.
Japan's Nikkei 225 index fell 1.6%. Hong Kong's Hang Seng fell 0.56%.
2.-- The economic calendar in the U.S. Monday includes the Empire State Manufacturing Index for December at 8:30 a.m. EST, third-quarter productivity and costs data, and capacity utilization and industrial production for November at 9:15 a.m.
3.-- U.S. stocks closed mixed on Friday and fell for the week as concerns of a tapering from the Federal Reserve remained on the table even as some market strategists said a "Santa Claus" could boost shares heading into the new year.
The S&P 500 slipped 0.2% to close at 1,775.32 on Friday while the Dow Jones Industrial Average added 0.1% to finish at 15,755.36. The Nasdaq rose 0.06% to close at 4,000.98.
Sprint shares closed Friday at $8.15 but surged more than 3% in after-hours trading. T-Mobile shares fell 2.4% on Friday but rose almost 7% in the after-hours session. 5.-- American International Group (AIG - Get Report) is in advanced talks to sell its jet-leasing business to AerCap Holdings (AER) for $3 billion in cash and a minority stake in the smaller, Netherlands-based company, people with knowledge of the talks told the Journal.
6.-- Google (GOOG) acquired its eighth robotics company this year, buying Boston Dynamics, the engineering company that has designed mobile research robots for the Pentagon.
7.-- Smartphone maker BlackBerry
(BBRY) is losing two more high-level executives under the leadership of interim CEO John Chen.
Chris Wormald, head of BlackBerry's mergers and acquisitions, is leaving by the end of December, the Journal reported, while Rick Costanzo, executive vice president of global sales, will depart early in 2014.
UPS expects to deliver more than 129 million packages the week before Christmas, Dan McMackin, a UPS spokesman, told USA Today. 9.-- FuelCell Energy (FCEL) is expected by analysts on Monday to post a fiscal fourth-quarter loss of 3 cents a share on revenue of $44.8 million. 10.-- "Hobbit: The Desolation of Smaug," released by Time Warner's (TWX) Warner Bros. unit, was No. 1 at the weekend box office with $73.7 million, topping last weekend's No. 1 film, Disney's (DIS) animated fable "Frozen." Despite its first place position, "The Desolation of Smaug" fell short of topping its prequel's debut. "The Hobbit: An Unexpected Journey," which opened this same weekend last year, gained $84.6 million. -- 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.