Here are 10 things you should know for Monday, Jan. 27:
European stocks were falling Monday. Asian shares closed sharply lower. Japan's Nikkei 225 dropped 2.5% to close at 15,005.73. The Shanghai Composite Index declined 1%.
2.-- The economic calendar in the U.S. Monday includes new-home sales for December at 10 a.m. EST.
3.-- U.S. stocks on Friday sold off sharply as evidence of a global economic slowdown prompted investors to plough money into safe-haven assets and flee the emerging markets.
The Dow JonesIndustrial Average suffered a triple-digit drop for the second straight day, surrendering 3.52% for the week. That's its biggest weekly loss since May 2012. On Friday, the index fell 1.96%, or 318.24 points, to 15,879.11. The S&P 500 declined 2.09% to 1,790.29, sending the index down 2.63% for the week. The Nasdaq closed 2.15% lower at 4,128.17, down 1.65% for the week.
4.-- IPhone and iPad maker Apple (AAPL) - Get Apple Inc. Report is expected by Wall Street to report fiscal first-quarter earnings after Monday's closing bell of $14.07 a share on revenue of $57.46 billion.
Apple is releasing earnings just as billionaire investor Carl Icahn pressures the company to do something with its cash hoard.
He suggested in an open letter to Apple shareholders that the company should boost its stock repurchase program.
Icahn announced via Twitter last week that he bought another $500 million worth of Apple stock, raising his total to $3.6 billion.
Apple shares were up 0.85% to $550.70 in premarket trading Monday.
"AT&T notes the recent speculation regarding a potential transaction involving Vodafone," an AT&T statement said.
"At the request of the UK Takeover Panel, AT&T confirms that it does not intend to make an offer for Vodafone."
AT&T is now restricted from making a takeover bid for Vodafone for six months under U.K. takeover rules, according to The Wall Street Journal.
AT&T rose 0.83% to $33.70 in premarket trading. Vodafone fell 4%.
Based in London, DeepMind was founded by games prodigy and neuroscientist Demis Hassabis, along with Shane Legg and Mustafa Suleyman, according to Re/code, which first reported the deal.
On its Web site, DeepMind describes itself as a "cutting edge artificial intelligence company. We combine the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.
Google rose 0.28% in premarket trading to $1,127.
The board of the world's largest maker of construction and mining equipment also approved a new $10 billion buyback, and provided a 2014 forecast above analysts' estimates.
Shares climbed in premarket trading Monday, up 6.2% to $91.54.
8.-- Liberty Global (LBTYA) - Get Liberty Global Plc Class A Report, John Malone's cable company, said Monday will buy the 71.5% of Dutch cable provider Ziggo it doesn't already own for around 10 billion euros ($13.7 billion) in stock and cash.
Liberty Global shares slipped 1.1% to $82.35.
9.-- Samsung Electronics and Google signed an agreement to cross-license their patents, reducing the risk of costly legal disputes over intellectual property and likely fostering greater collaborate between the two tech giants, The Associated Press reported.
Seoul-based Samsung said Monday the deal covers patents to be filed over the next 10 years as well as existing patents.
10.-- Daft Punk won on Sunday four Grammy awards, including best dance/electronica album for "Random Access Memories" and pop duo/group performance for "Get Lucky." Lorde's song "Royals" won song of the year and best pop solo performance.
-- Written by Joseph Woelfel
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