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NEW YORK (

TheStreet

) -- U.S. stock futures were suggesting Wall Street would open slightly higher Tuesday after investors sold shares in the previous trading session on

concerns about Europe's ability to address its escalating debt problems

.

European shares were trading flat to lower Tuesday after Spain's short-term borrowing costs rose sharply in an auction of €3.1 billion of three- and six-month bills. Investors remain skeptical about decisive action from the European Union at a summit later this week.

Asian stocks ended lower Tuesday. Japan's Nikkei 225 index fell 0.8% to close at 8,663.99.

The

Dow Jones Industrial Average

lost 138 points, or 1.1%, to close at 12,502 on Monday. The

S&P 500

fell 21 points, or 1.6%, to finish at 1314.

Nasdaq

declined nearly 2% to close at 2836.

The economic calendar in the U.S. Tuesday features the Case-Shiller home price index for April at 9 a.m. EDT and consumer confidence for June at 10 a.m.

Economists are calling for consumer confidence to dip to 64.0 for the month from 64.9 in May, according to

TheStreet Recommends

Briefing.com

.

News Corp.

(NWSA) - Get News Corporation Class A Report

is considering splitting into two companies, separating its smaller publishing business from its entertainment businesses,

The Wall Street Journal

reported, citing people familiar with the situation.

The split would carve off such assets as 20th Century Fox film studio, Fox broadcast network and Fox News channel from News Corp.'s newspapers, book publishing assets and education businesses. News Corp. owns the

Journal

.

A final decision on the split hasn't been made, according to the

Journal

. News Corp. Chairman Rupert Murdoch has previously opposed such a move, but has recently warmed to the idea, said one person familiar with the situation.

Facebook

(FB) - Get Meta Platforms Inc. Class A Report

named Sheryl Sandberg, the social-networking company's No. 2 executive, to its board.

Sandberg, Facebook's chief operating officer, is the eighth member of the company's board and its first woman.

Amazon

(AMZN) - Get Amazon.com, Inc. Report

will unveil a second-generation Kindle Fire this summer and is targeting July 31 for a launch event, a source told

CNET

.

The source said the new tablet would have a camera and physical volume-control buttons,

CNET

reported.

DigiTimes

reported recently that Amazon could launch a new $199 7-inch tablet with a higher resolution 1,280 by 800-pixel display "at the beginning of the third quarter."

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

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