The economic calendar in the U.S. Tuesday includes the start of the two-day meeting of the Federal Open Market Committee, the Federal Reserve's policy-making wing; the trade deficit report at 8:30 a.m. EST; the consumer confidence index at 10 a.m.; and wholesale trade at 10 a.m.
U.S. stocks on Monday eked out gains as blue-chips McDonald's ( MCD) and Hewlett-Packard ( HPQ) advanced. The Dow Jones Industrial Average closed up 15 points, or 0.11%, to close at 13,170.
The U.S. Treasury said Monday it would sell its remaining stake of more than 234 million shares of American International Group ( AIG), the giant insurer.
Texas Instruments ( AIG) reduced its outlook for fourth-quarter earnings, saying Monday it now expects earnings for the period of 5 cents to 9 cents a share, down from its previous forecast of 23 cents to 31 cents a share.
HSBC ( HBC), Europe's largest bank, said Tuesday it would pay $1.9 billion, a record fine, to settle a U.S. money-laundering probe.
Morgan Stanley ( MS) could soon ask U.S. regulators to allow it to buy back shares for the first time in more than four years, The Wall Street Journal reported.
SPX ( SPW), the industrial machinery maker, is in exclusive talks to buy rival Gardner Denver ( GDI) and hopes to finalize a deal by the end of the year, four people familiar with the matter told Reuters.
Apple ( AAPL) and Google ( GOOG) are reportedly joining forces to bid for Kodak's portfolio of digital photography patents.