Here are 10 things you should know for Monday, Dec. 23:
1.-- U.S. stock futures were pointing to gains on Wall Street Monday and global stocks were rising amid signs of solid growth for the U.S. economy.
European shares were up slightly in early trading Monday. Japanese markets were closed for a holiday. Hong Kong's Hang Seng index closed with a gain of 0.5%.
2.-- The economic calendar in the U.S. Monday includes personal income and personal spending for November at 8:30 a.m. EST, and the final University of Michigan Consumer Sentiment Index for December at 9:55 a.m.
3.-- U.S. stocks on Friday rose after data showed the U.S. economy expanded at its fastest pace since late 2011 as consumers pushed up spending, a key driver of U.S. growth.
The S&P 500 rose 0.49% to close at 1,818.32, the Dow Jones Industrial Average added 0.26% to 16,221.14 and the Nasdaq rose 1.15% to 4,104.74.
For the week, the S&P 500 gained 2.44%.
(AAPL - Get Report) and China Mobile
(CHL) announced on Sunday the companies agreed to a multi-year deal to bring the iPhone to the world's largest mobile network. 5.
iPhone 5s and iPhone 5c will be available from China Mobile's retail stores as well as Apple stores across mainland China beginning on Jan. 17, the companies said in a press release. China Mobile customers can register for phones starting Wednesday.
The iPhone already is available in China through two smaller carriers but the latest deal links it with a bigger network and state-owned China Mobile's marketing power.
(FB - Get Report)
begins trading Monday as part of the S&P 500 index.
Shares of the social networking giant rose 0.1% on Friday to $55.12.
On Friday, a secondary offering of Facebook stock
was priced at $55.05 a share in a deal that will generate $2.3 billion for CEO Mark Zuckerberg.
shares soared 15.5% on Friday after the smartphone maker announced a five-year manufacturing deal with Foxconn.
Foxconn will jointly design and manufacture most BlackBerry devices. Foxconn's BlackBerry phones will be built in Mexico and Indonesia.
7.-- Archer Daniels Midland
(ADM) agreed to pay $36.5 million to the Securities and Exchange Commission to resolve allegations it bribed officials in Ukraine to win tax refunds, Bloomberg reported.
-- Written by Joseph Woelfel
8.-- National leaders of the Machinists union are scheduling a vote on a proposed contract between Boeing
(BA) and Puget Sound machinists, despite objections from local union officials who have already rejected the company's latest offer.
(TIF) has been ordered by the Netherlands Arbitration Institute to pay Swatch, the Swiss watchmaker, $449.5 million in damages related to a failed partnership that was formed in 2007.
The lead negotiator for the union's national headquarters, Rich Michalski, told The Seattle Times
that a vote is set for Jan. 3.
The contract would secure work on Boeing's new 777X airplane
at a time when 22 states are vying for those jobs. Boeing, the aerospace giant, said it expects to pick a location early next year.
"We were shocked and extremely disappointed with the decision of the majority of the arbitral panel," Tiffany CEO Michael J. Kowalski said in a statement.
Swatch canceled the alliance with Tiffany in 2011, saying that Tiffany was in breach of contract because it was trying to "block and delay" the companies' joint venture.
10.-- The Hobbit: The Desolation of Smaug topped Anchorman 2: The Legend Continues to win the box office battle over a busy pre-Christmas weekend.
Peter Jackson's Hobbit sequel took in $31.5 million in its second weekend of release for Warner Bros., according to studio estimates Sunday. That topped Will Ferrell's Anchorman sequel, opened strongly in second place.
To contact the writer of this article, click here:Joseph Woelfel
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