) -- Here are 10 things you should know for Monday, July 15:


-- U.S. stock futures were pointing to gains on Wall Street Monday despite a slowdown in China's economic growth.

China's economy in the second quarter grew 7.5% from a year earlier; in the previous quarter, growth was 7.7%.

Asian stocks finished Monday's session with gains. China's Shanghai Composite Index rose 1% to close at 2,059.39. Markets in Japan were closed for a public holiday.

European stocks were rising.


-- The

economic calendar

in the U.S. Monday includes retail sales for June at 8:30 a.m. EDT, the Empire State Manufacturing Index for July at 8:30 a.m., and business inventories for May at 10 a.m.



U.S. stocks

on Friday ended with gains as strong earnings offset soft economic data.


S&P 500

gained 0.31% to hit an all-time closing high at 1,680.19. The index gained 2.96% for the week. The

Dow Jones Industrial Average

added 0.02% to 15,464.30. The blue-chip index increased 1.07% for the week. The


closed up 0.61% to 3,600.08. The tech-heavy index rose 3.47% last week.




(C) - Get Report

is forecast by analysts to report on Monday second-quarter earnings of $1.17 a share on revenue of $19.75 billion. That would represent year-over-year EPS growth of 17%, with revenue increasing about 6%.

Citigroup's earnings

will be released at 8 a.m.




(AAPL) - Get Report

has begun a hiring spree to tackle design problems with its "iWatch" wrist computer, the

Financial Times


The iPod and iPhone maker has begun hiring "aggressively" for the project in recent weeks, people familiar with Apple's plans for the wearable device told the newspaper.

The move by


shows it has stepped up development but indicates the project involves "hard engineering problems that they've not been able to solve," one source said.




(T) - Get Report

TST Recommends

agreed to buy

Leap Wireless


for $15 a share, or $1.2 billion, in a


that could bolster the telecom's wireless capacity and adds to a frenetic two years of consolidation in the industry.

AT&T will pick up Leap's Cricket brand and about 5 million subscribers on its CDMA network, under Friday's proposed deal.

Leap shares closed at $7.98 a share on Friday, but soared in after-hours trading to $17.31.


-- Hedge fund Starboard Value LP, which owns a big stake in

Smithfield Foods


, is hiring advisers to help press its case for a different deal for the giant pork producer than one already agreed to with China's

Shuanghui International

, people familiar with the matter told

The Wall Street Journal



agreed in May to be bought by Shuanghui for $34 a share, or $4.7 billion.

Starboard said last month it had taken a 5.7% stake in Smithfield.



JB Hunt Transport Services

(JBHT) - Get Report

is forecast to report second-quarter earnings on Monday of 74 cents a share.


-- A fire on an empty


(BA) - Get Report

787 airliner at London's Heathrow Airport doesn't appear to have been caused by

faulty aircraft batteries

, a British investigative agency said Saturday.


-- The Justice Department said Sunday it would consider whether to file federal criminal charges against

George Zimmerman

after his


on Saturday in the shooting death of 17-year-old Trayvon Martin.

-- Written by Joseph Woelfel

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Joseph Woelfel

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