NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Dec. 16:
1. -- U.S. stock futures and European stocks recovered but the plunge in oil prices was rattling Russia's economy and the ruble fell to a new record low on Tuesday.
The ruble moved beyond 69 to the dollar and stocks in Russia fell 6.5% despite the Russian central bank's hiking of interest rates to 17%.
2. -- The economic calendar in the U.S. on Tuesday includes housing starts and building permits for November at 8:30 a.m. EST.
The Federal Reserve gathers Tuesday for a two-day meeting. The following day the central bank and Fed Chair Janet Yellen could hint they might raise interest rates in 2015.
3. -- U.S. stocks on Monday resumed their selloff, squashed again by the free fall in oil prices.
The S&P 500 closed down 0.63% to 1,989.63. The benchmark index traded below the 2,000 level for the first time since Oct. 30 after suffering its worst week in more than two years last week. The Dow Jones Industrial Average fell 0.58%, and the Nasdaq was down 1.04%.
Repsol also said it would also take on $4.7 billion of Talisman debt.
The combined company would create one of the 15 largest privately owned oil and gas companies in the world, according to The Associated Press.
Repsol said the acquisition of Talisman would boost its output by 76% and increase reserves by 55%.
5. -- Boeing (BA) - Get Boeing Company Report raised its quarterly dividend by 25% to 91 cents a share and boosted its stock buyback plan to $12 billion.
The aerospace company said its business is strong and there is a "solid growth outlook" for commercial aviation.
6. -- Beverage giant Coca-Cola (KO) - Get Coca-Cola Company Report sad it expects earnings in 2014, excluding the effects of foreign-currency exchange-rate fluctuations, to rise 4% to 5% and doesn't expect per-share earnings growth to be "significantly different" in 2015.
Separately, one of Coke's minority shareholders, Wintergreen Advisers, said CEOMuhtar Kent is "incapable of leading Coke's turn around and should be replaced."
"The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. His blunders on failed acquisitions alone have cost shareholders $16.3 billion," Wintergreen said in a statement. Wintergreen owns less than 1% of Coca-Cola.
7. -- NBC is launching a live stream of its broadcast network, part of a broader effort at parent NBCUniversal to make more of its content available online via computers and mobile devices, The Wall Street Journal reported.
Unlike CBS (CBS) - Get CBS Corporation Class B Report and Time Warner's (TWX) HBO, NBC isn't planning to sell a separate online version of its network to consumers without requiring that they be pay-TV subscribers.
NBC's live stream will debut Tuesday online, and mobile platforms will be available early next year, according to the Journal.
8. -- Darden Restaurants (DRI) - Get Darden Restaurants, Inc. Report , which owns Olive Garden, LongHorn Steakhouse, is expected by analysts on Tuesday to report fiscal second-quarter earnings of 27 cents a share on revenue of $1.55 billion.
10. -- Wall Street expects Navistar International (NAV) - Get Navistar International Corporation Report , the maker of trucks and engines, to report fiscal fourth-quarter earnings of 15 cents a share on revenue of $3.02 billion.
-- Written by Joseph Woelfel
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