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NEW YORK (

TheStreet

) -- Here are 10 things you should know for Wednesday, March 27:

1.

--

U.S. stock futures

were pointing to a pullback on Wall Street Wednesday after the

S&P 500

climbed near its record during the prior session.

European stocks were falling slightly. Cyprus is expected to introduce capital controls when the country's banks reopen on Thursday.

Shares in Japan and Hong Kong finished with gains on Wednesday.

2.

-- The

economic calendar

in the U.S. Wednesday includes pending home sales for February at 10 a.m. EDT.

3.

--

U.S. stocks

on Tuesday rose, with the

S&P 500

closing less than 2 points from its all-time high, after a jump in U.S. durable goods orders and home prices bolstered the outlook for the world's largest economy.

The S&P 500 rose 0.8% to 1,563.77.

The

Dow Jones Industrial Average

increased 0.77% to 14,559.65. The

Nasdaq

climbed 0.53% to 3,252.48.

4.

--

Wal-Mart

(WMT) - Get Free Report

, in a regulatory filing, said it's now "probable" the world's largest retailer will record losses related to allegations that company representatives bribed officials in Mexico to speed up expansion in the country.

Wal-Mart

said the issue in Mexico wouldn't have a material effect on its business,

Reuters

reported.

5.

--

Ericsson

(ERIC) - Get Free Report

is in talks

to buy

Microsoft's

(MSFT) - Get Free Report

IPTV business, which makes software used by phone companies to deliver television over the Internet, people with knowledge of the matter told

Bloomberg

.

6.

--

PVH

(PVH) - Get Free Report

, the clothing maker, is expected by Wall Street on Wednesday to report earnings of $1.50 a share on fourth-quarter sales of $1.6 billion.

7.

-- Software maker

Red Hat

(RHT) - Get Free Report

is expected by analysts on Wednesday to post earnings of 30 cents a share in the fiscal fourth quarter on revenue of $349.6 million.

8.

--

U.S. prosecutors are examining

whether

JPMorgan Chase

(JPM) - Get Free Report

failed to fully alert authorities to suspicions about Bernard Madoff,

The New York Times

reported, citing several people with direct knowledge of the matter.

9.

--

Paychex

(PAYX) - Get Free Report

, the payroll processor, is expected to report third-quarter earnings of 39 cents a share on revenue of $592.6 million.

10.

-- One person was killed and trains were halted after an earthquake with a magnitude of at least 6.1 struck Taiwan on Wednesday.

-- Written by Joseph Woelfel

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

Joseph Woelfel

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.