Updated from 6:49 a.m. EST
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Feb. 3:
1. -- U.S. stock futures were rising Tuesday as oil prices climbed to more than $50 a barrel.
West Texas Intermediate crude rose 2.4% early Tuesday to $50.76 a barrel.
European stocks rose as the new Greek government looked to be backing down from a confrontation with euro-area leaders over a debt write-down.
Asian stocks ended the session mixed.
2. -- The economic calendar in the U.S. on Tuesday includes factory orders for December at 10 a.m. EST.
3. -- U.S. stocks on Monday charged higher in late-day trading, finishing with gains as energy shares led the surge.
The S&P 500 closed up 1.3%, the Dow Jones Industrial Average gained 1.14%, and the Nasdaq added 0.89%.
The price and structure of the proposed deal couldn't be learned. Staples has a market value of about $11 billion, while Office Depot, which in 2013 acquired OfficeMax, has a market value of about $4 billion. There is no guarantee a deal will be reached, the people told the Journal.
A combination of the two -- which together have roughly 4,000 stores and annual sales of more than $35 billion -- likely would get a close look from antitrust regulators, who in 1997 sued successfully to block the same proposed merger, bankers and analysts told the Journal. But some analysts say the retail landscape has changed sufficiently since then.
In premarket trading, Staples rose 13.2% and Office Depot jumped 14.7%.
5. -- Verizon (VZ) - Get Verizon Communications Inc. Report is close to selling a package of assets including cellphone towers and parts of its wireline business, a group of deals whose value could top $15 billion, people familiar with the matter told the Journal.
The deals will involve different buyers and could be announced as soon as later this week, the people said. They come as Verizon is working to pay down debt and cover the $10.4 billion in wireless licenses it won in a government auction that closed last week.
Verizon shares rose slightly in premarket trading.
A year earlier, the media and entertainment giant reported earnings of 89 cents a share on revenue of $12.39 billion.
The latest period included a $5 billion write-down on the value of BP's inventories, after the price of Brent crude dropped almost 50% last year. After stripping out the effect of the drop in oil prices, BP reported a loss of $969 million for the period.
BP said it plans to cut costs by $4 billion to $6 billion this year, reducing exploration expenditures and postponing some projects.
BP shares rose 2% in premarket trading.
9. -- The New York Stock Exchange plans to delist the shares of electronics retailer RadioShack (RSH) .
RadioShack has been struggling with weak sales that have made it unprofitable. The Texas-based company warned last year that it may have to seek Chapter 11 bankruptcy and its CEO recently warned it might not be able to find a long-term plan to stay afloat.
Separately, Amazon.com (AMZN) - Get Amazon.com, Inc. Report has discussed acquiring some RadioShack locations after the electronics chain files for bankruptcy, two people with knowledge of the matter told Bloomberg.
Amazon has considered using the RadioShack stores as showcases for its hardware, as well as potential pickup and drop-off centers for online customers, one of the people told Bloomberg.
10. -- Apple (AAPL) - Get Apple Inc. (AAPL) Report sold a combination of bonds with maturities ranging from five years to 30 years. The iPhone maker originally was trying to sell $5 billion in bonds, but because of investor demand Apple sold $6.5 billion.
The offering is Apple's fourth major debt offering in the past two years.
The stock rose 0.2% in premarket trading.
To contact the writer of this article, click here:Joseph Woelfel