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June 23 Premarket Briefing: 10 Things You Should Know

Stocks in this article: MUOTCLMCRSGOOGGEAPPLULU

Here are 10 things you should know for Monday, June 23:

1. -- U.S. stock futures were pointing to a mixed start for Wall Street Monday ahead of housing data.

European stocks fell on slowing eurozone manufacturing and services sectors data while Asian shares ended the session mixed. Japan's Nikkei 225 rose 0.1%.

2. -- The economic calendar in the U.S. on Monday includes existing-home sales for May at 10 a.m. EDT.

3. -- U.S. stocks on Friday rose. The Dow Jones Industrial Average closed up 0.15% to 16,947.08, the S&P 500 gained 0.17% to 1,962.87, another record high and the Nasdaq climbed 0.2% to 4,368.04. 

4. -- Oracle (ORCL) is close to a deal to buy Micros Systems  (MCRS), which sells software used by retailers and hospitality providers, for about $5 billion, The Wall Street Journal reported, citing a person familiar with the matter.

The deal would be Oracle's biggest since its 2010 acquisition of Sun Microsystems for $7.4 billion.

The deal would value Micros at more than $67 a share. Micros shares closed Friday at $65.77.

The merger is expected to be announced on Monday.

5. -- BNP Paribas and U.S. prosecutors have agreed to broad terms of a deal in which the bank would pay $8 billion to $9 billion and accept other punishment based on what investigators said is evidence the bank intentionally hid $30 billion of financial transactions that violated U.S. sanctions, the Journal reported, citing people close to the investigation.

The agreement also would include a guilty plea to a criminal charge of conspiring to violate the International Emergency Economic Powers Act and a temporary ban -- likely lasting a period of months -- on the company's ability to transact in U.S. dollars, the Journal reported, citing several people familiar with the discussions.

Investigators have gathered information detailing how BNP, over a period of more than five years, used regional banks overseas to route funds linked to companies and government agencies in Sudan at a time when the nation was engaged in what the U.S. and others call genocide, the people told the Journal.

6. -- Dropcam, the video-monitoring startup, will be acquired by Nest for $555 million in cash, according to a report from Re/code.

Nest was purchased by Google (GOOG) four months ago for $3.2 billion. But Nest said it's undertaking this acquisition of Dropcam on its own, outside of Google.

The deal was signed Friday and has yet to close, Nest said. 

7. -- Micron Technology (MU), the flash memory giant, is expected by Wall Street on Monday to report ffiscal third-quarter earnings of 70 cents a share on revenue of #3.89 billion.

8. -- The final obstacle to General Electric's  (GE) $17 billion takeover of Alstom's power division has been overcome after the French government agreed to terms with the French engineering company's main shareholder

The French government will buy a 20% stake in Alstom from construction giant Bouygues.

The move fulfills Economy Minister Arnaud Montebourg's pledge to ensure that the French government would retain a say in jobs and decision-making at the company, which builds power plants and high-speed TGV trains. 

9. -- Dov Charney is gearing up for a legal battle against the American Apparel (APP) board that ousted him as chief executive, The Los Angeles Times reported.

In a letter to the board's counsel, Charney's lawyer, Patricia Glaser, accused the directors of illegally firing its CEO and chairman last week. She said Charney planned to pursue legal action against the Los Angeles retailer unless he was reinstated, the newspaper reported.

10. -- Lululemon (LULU) founder Dennis "Chip" Wilson is working with bankers at Goldman Sachs as he weighs options for shaking up the company's board and gaining more influence over the yoga gear maker's operations, people familiar with the situation told the Journal.

Wlison could launch a proxy fight to win additional board seats or partner with a private-equity firm in a buyout, another person familiar with the matter said. Alternatively, he could sell his stake, the person told the Journal

Larry Ellison Wants to Make Oracle King of the Cloud

How Intel Wants to Be More Than Just a Chip Company

Regulatory Risks in Sprint and T-Mobile Deal Outweigh Stretched Finances

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email to:tips@thestreet.com.

Follow @josephwoe58

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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