NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, July 28:

1. -- U.S. stock futures were soft on Monday at the beginning of another big week for earnings reports.

European stocks were mixed, tugged up by news of a spinoff from Reckitt Benckiser, a pharmaceutical and health company, and raised guidance from Ryanair Holdings, but also pushed lower by news of a lower revenue forecast from German cash-machine maker Wincor-Nixdorf and the cancellation of a merger deal between babywear chain Mothercare and U.S. rival Destination Maternity(DEST) - Get Report.

2. -- The economic calendar in the U.S. on Monday includes earnings reports from 140 companies. The pending home sales report, a forward indicator on the housing market, will arrive at 10 a.m. The Fed Funds Rate will be announced at 2:45 p.m.

3. -- U.S. stocks on Friday slipped, after some of the biggest names -- Amazon(AMZN) - Get Report and Visa(V) - Get Report among them -- reported unimpressive numbers at the end of a big week for earnings reports.

The Dow Jones Industrial Average(DIA) - Get Report closed down 0.72% to 16,960.57. The S&P 500(SPY) - Get Report sank 0.48% to 1,978.34. The Nasdaq(QQQ) - Get Report slipped 0.5% to 4,449.56. 

4. -- An arbitration court in the Hague ruled that Russia must compensateYukos shareholders to the tune of $50 billion. Russia's takeover of the giant oil company was illegal, the court said, and Russia must pay for it. A parallel case will be decided Thursday at the European Court of Human Rights in France.

Russia likely won't recognize the legitimacy of the international tribunal ruling, but the decision is nonetheless a blow to Vladimir Putin and to Russia. 

5. -- Dollar Tree(DLTR) - Get Report has agreed to buy Family Dollar (FDO) for $8.5 billion in cash and stock. The merger will link two of the U.S.'s largest discount store chains, and comes after Carl Icahn began exerting pressure on Family Dollar to seek a buyer. The bid is a 23% premium to Family Dollar's closing share price Friday, at $60.66.

In premarket trading, Family Dollar shares were up 22% to $74. Dollar Tree shares were up 6.8% in premarket trading to $57.89.

6. -- McDonald's(MCD) - Get Report restaurants in China were offering a much-reduced menu on Monday, as the fast food company reels from the continuing tainted-meat scandal.

McDonald's has stuck with the offending supplier, Shanghai Husi Food, and its owner, U.S.-based OSI, out of necessity. However, Shanghai Husi said it is recalling all food processed at its Shanghai facility.

Yum! Brands(YUM) - Get Report, Burger King (BKW) , Papa John's(PZZA) - Get Report and Starbucks(SBUX) - Get Report all have stopped selling Shanghai Husi's products. 

7. -- In deal news, French yogurt-maker Danone (DANOY) was reportedly in talks with Hospira (HSP) to sell Danone's medical and nutritional business to the U.S. injectable-drug maker. Danone has previously sought to sell the unit to Nestle and Fresenius. The unit is valued at about $4 billion.

The next question is whether Hospira will use this as an opportunity for inversion, in which U.S. companies buy foreign companies to reduce their U.S. taxes.

Danone may use the funds to attempt to buy Mead Johnson (MJN) . Hospira stock was trading up 1.2% in premarket trading, to $52.35.

8. -- The U.S. dollar was near six-month highs against other major currencies. The rise in the dollar suggests that the U.S. economic recovery has substance, and that economic growth in the U.S. is speeding past that in Europe. The dollar is now up 2% against the euro for this month. 

9. -- Nissan (NSANY) sales in the U.S. market are up 14% in its fiscal first quarter, part of Auto a larger move in U.S. car sales. Nissan said it is seeking a 10% market share for U.S. cars, up from its current 8.6% share.

Nissan has now sold 124,000 of its Leaf electric cars, a milestone, even though the company expects electric cars to comprise only 10% of its sales by 2020. GM(GM) - Get Report and other car companies are now building rival electric cars as well.

10. -- Tyson Foods(TSN) - Get Report will sell its Mexican and Brazilian poultry business to JBS (JBSAY) for $575 million in cash. The Mexican business will be acquired through Pilgrim's Pride, of which JBS is majority owner; the Brazilian business will be bought by the JBS Foods subsidiary. 

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Nora Morrison is a researcher, writer and editor on music, popular culture, and business topics. She is an associate editor at


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