NEW YORK (

TheStreet

) -- U.S. stock futures suggested Wall Street would open lower Wednesday as investors fretted about the slow pace of negotiations over the so-called U.S.fiscal cliff.

European stocks were falling whiles Asian shares ended Wednesday's trading session in the red. Japan's Nikkei 225 index fell 1.2% to close at 9,308.35.

The economic calendar in the U.S. Wednesday includes new-home sales for October at 10 a.m. EST, and the release of the

Federal Reserve's

beige book survey on economic conditions for October at 2 p.m.

U.S. stocks

on Tuesday finished with losses amid lingering concerns about the progress of budget talks on Capitol Hill.

The

Dow Jones Industrial Average

lost more than 89 points, or 0.69%, to close at 12,878.

Green Mountain Coffee Roasters

(GMCR)

blew past Wall Street's expectations in its fiscal fourth quarter.

For its fiscal first quarter ending in December, Green Mountain forecast non-GAAP earnings of 62 cents to 67 cents a share and total sales growth of 14% to 18%. The current consensus view is for a profit of 59 cents a share.

Costco Wholesale

(COST) - Get Report

, the warehouse retailer, plans to pay a special dividend of $7 a share, or about $3 billion. It also said Wednesday that first-quarter sales jumped 10%.

Earnings are expected Wednesday from

American Eagle Outfitters

(AEO) - Get Report

,

Coldwater Creek

(CWTR)

,

Express

(EXPR) - Get Report

,

Fresh Market

(TFM)

,

Guess?

(GES) - Get Report

,

Jos. A. Bank Clothiers

(JOSB)

,

La-Z-Boy

(LZB) - Get Report

,

Movado Group

(MOV) - Get Report

,

New York & Co.

(NWY)

,

Pall

(PLL) - Get Report

and

TiVo

(TIVO) - Get Report

.

Virtu Financial

has emerged as the early front-runner to buy

Knight Capital Group

(KCG)

in a deal expected to value the brokerage firm at more than $1 billion,

The Wall Street Journal

reported, citing people briefed about the continuing sale talks.

In tech news,

Apple

(AAPL) - Get Report

reportedly fired William Richardson, the tech giant's senior director of iOS services, over the failure of its new Maps app, while

Groupon

(GRPN) - Get Report

co-founder Andrew Mason could be on his way out as CEO, according to a report.

-- Written by Joseph Woelfel

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

Joseph Woelfel

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