Here are 10 things you should know for Wednesday, Nov. 25:
1. -- U.S. stock futures rose slightly Wednesday as tensions eased after Turkey shot down a Russian warplane on Tuesday.
European shares recovered amid relief that the Turkey and Russia skirmish didn't trigger instant retaliation by the Russian government.
Asian shares ended the session mostly lower but China's Shanghai Composite Index bucked the trend and gained 0.9%.
2. -- The economic calendar in the U.S. on Wednesday includes weekly initial Jobless Claims at 8:30 a.m. EST, Personal Income and Personal Spending for October at 8:30 a.m., Durable-Goods Orders for October at 8:30 a.m., the FHFA Housing Price Index for September at 9 a.m., the University of Michigan Final Sentiment Index for November at 10 a.m., and New Home Sales for October at 10 a.m.
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3. -- U.S. stocks on Tuesday ended higher on a surge in crude oil prices but global fears made for a rocky trading session.
The S&P 500 gained 0.3% on Tuesday, the Dow Jones Industrial Average added 0.35%, and the Nasdaq rose 0.13%.
4. -- The strain of E. Coli linked to Costco (COST) - Get Costco Wholesale Corporation Report chicken salad that has sickened 19 people in seven states is more likely to be life-threatening than a recent foodborne illness that led to the closure of some Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report restaurants in the Northwest, the Associated Press reported.
People who bought chicken salad at any Costco store in the U.S. on or before Friday were advised to throw it away, even if no one has gotten sick.
The strain of Shiga toxin-producing E. coli can be life-threatening, but no deaths have been reported in the current outbreak.
The Centers for Disease Control and state health officials were investigating and have not yet determined what ingredient in the rotisserie chicken salad made and sold in Costco Wholesale stores could be the source of the outbreak, the AP reported.
5. -- Hewlett-Packard, which split into two companies on Nov. 1, issued its final quarterly earnings report on Tuesday, posting adjusted earnings of 93 cents a share, down from $1.06 a share a year earlier.
Spinoff HP Inc. (HPQ) - Get HP Inc. Report reported that sales of PCs and printers both fell 14% in the fiscal fourth quarter from the same period a year earlier. HP Inc. also forecast adjusted earnings for the current quarter will be within the range of 33 cents to 38 cents a share, below Wall Street estimates of 42 cents.
At HP Enterprise (HPE) - Get Hewlett Packard Enterprise Co. Report , while sales of high-end servers, software and tech services declined, the company said sales of its "industry standard" servers grew 5% and networking gear rose 35%. HP Enterprise forecast adjusted earnings for the current quarter of between 37 cents to 41 cents a share; analysts expect profit of 43 cents a share.
6. -- A U.S. investigation into potential foreign bribery by Walmart (WMT) - Get Walmart Inc. Report has unearthed evidence of possible misconduct by the giant retailer in Brazil, after investigators found little to support the allegations involving Mexico that initially prompted the probe, according to documents and people familiar with the matter, The Wall Street Journal reported.
Federal prosecutors are examining $500,000 in payments that they believe ultimately went to an individual hired to obtain government permits Walmart needed to build two stores in Brasília, Brazil's capital, between 2009 and 2012, an investigative document shows, the Journal reported.
7. -- Shire (SHPG) - Get Shire PLC Sponsored ADR Report is preparing to make a new takeover offer for U.S. biotech company Baxalta (BXLT) , Reuters reported, citing a source with direct knowledge of the situation.
London-listed Shire asked its advisers to renew its bid effort, the source said, almost four months after Baxalta rejected an unsolicited $30 billion offer that it said significantly undervalued the company.
Shire is working with Morgan Stanley, Evercore and Deutsche Bank on the offer which could be structured in cash and shares, the source said, cautioning that no deal was certain and negotiations could still fall through, Reuters reported.
The PlayStation 4 has been Sony's fastest-selling game console, Sony said. The Japanese company previously said as of March 1 that it had sold 20.2 million units.
9. -- Jet.com has closed $350 million in new funding, and said it has verbal agreements for another $150 million, Re/code reported.
The shopping startup said a large portion of the money will be spent on marketing, hiring and customer support as it tries to attract a big customer base to compete against mass retailers like Amazon, Walmart and Target.