Updated from 6:47 a.m. EDT
Here are 10 things you should know for Tuesday, June 10:
1. -- U.S. stock futures were slipping Tuesday while European stocks traded flat early in the session.
Asian shares ended the day mostly higher but Japan's Nikkei 225 declined 0.9%.
2. -- The economic calendar in the U.S. on Tuesday includes wholesale inventories for April at 10 a.m. EDT.
3. -- U.S. stocks on Monday closed higher, breaking even more intraday trading records despite the absence of any market-moving catalyst.
The Dow Jones Industrial Average gained 0.11% to finish at 16,943.1, the S&P 500 edged 0.09% higher to 1,951.27, and the Nasdaq jumped 0.3% to 4336.24.4. -- Time Warner (TWX - Get Report) is in talks to buy a large stake in Vice Media for as much as $1 billion, a deal that could include providing Vice with the television network HLN, people with knowledge of the negotiations told The New York Times.
Precise terms and valuations haven't been agreed upon, according to the Times. Talks have been taking place for several weeks and could still fall through.
One potential stumbling block, according to one of the people, is whether Time Warner will be able to buy out a 5% stake in Vice from 21st Century Fox
(FOX), which bought it in 2013 for $70 million. That deal valued Vice at $1.4 billion, the Times reported.
5. -- David Marcus, the head of eBay's (EBAY - Get Report) PayPal unit, is leaving the company for Facebook (FB), where he'll lead mobile messaging products.
Marcus won't run messaging app WhatsApp,which Facebook agreed to buy for $19 billion. Marcus will run Facebook's own messaging products.
eBay shares fell 1.5% in premarket trading to $48.82. Facebook rose 0.6% to $63.28.
6. -- Joel Anderson, chief executive of Walmart.com in the U.S., is leaving later this month for a job at a new company, according to a memo sent to Walmart (WMT) employees on Monday, The Wall Street Journal reported. Fernando Madeira, who is currently president and CEO of Latin America at Walmart eCommerce, will replace Anderson and take on a broader role to lead Walmart.com in the U.S., Latin America and other growth areas, according to the memo, which was written by Neil Ashe, who runs Wal-Mart's e-commerce business, and reviewed by the Journal. The change comes after a year in which Walmart's online sales grew by 30% to $10 billion, according to trade publication Internet Retailer.
7. -- Shares of struggling electronics retailer RadioShack (RSH) fell 14.3% in premarket trading to $1.32 after it posted a wider fiscal first-quarter loss widened and revenue slumped. The results were below Wall Street expectations. 8. -- GoDaddy, the Web hosting company, plans to file for an initial public offering. GoDaddy said it has 12 million customers and is the largest provider of Web site domain names.
The company known for its racy Super Bowl commercials said that founder and former CEO Bob Parsons is resigning as executive chairman to spend time on other ventures. He will stay on the board. GoDaddy said it plans to name a new chairman in the next few months. 9. -- General Motors (GM) is scheduled to hold its annual shareholders' meeting in Detroit on Tuesday, and a protest is planned by family members of crash victims.
The meeting is at 9:30 a.m. EDT.
Since February, GM has recalled 2.6 million cars due to an ignition switch problem that the company said is linked to at least 13 deaths. 10. -- United Natural Foods (UNFI) is expected to report fiscal third-quarter profit of 73 cents a share on revenue of $1.78 billion.
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Aegerion Stock May See a Resurgence After Hitting Bottom From Ongoing Controveries -- 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.
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