Here are 10 things you should know for Thursday, Jan. 23:
1.-- U.S. stock futures were suggesting Wall Street would open lower on Thursday after a preliminary HSBC report said manufacturing output in China, the world's second-largest economy, could contract in January.
The Shanghai Composite Index in mainland China fell 0.5% while Japan's Nikkei 225 finished down by 0.8%.
European stocks were trading mostly to the upside on Thursday.
2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the FHFA Housing Price Index for November at 9 a.m., existing home sales for December at 10 a.m., and leading indicators for December at 10 a.m.
3.-- U.S. stocks on Wednesday finished flat, with the S&P 500 rising slightly as corporate earnings reports came in mixed. The S&P 500 rose 0.06% to close at 1,844.86, while the Dow Jones Industrial Average fell 0.25% to 16,373.34. The Nasdaq gained 0.41% to finish at 4,243.
4.-- China's Lenovo, the world's largest PC maker, agreed to acquire IBM's (IBM) x86 server business for $2.3 billion, and said it expects to offer jobs to 7,500 IBM employees in locations around the world.
IBM will continue to develop Windows and Linux software for the x86 platform and will provide service to customers for an extended period after the acquisition, the companies said.
IBM shares rose 0.7% in premarket trading to $182.38.
EBay said in a fourth-quarter earnings release that Icahn, who owns a 0.82% stake in eBay, has nominated two of his employees to the company's board and submitted a non-binding proposal for the spinoff, which would seek to split PayPal off from eBay's online marketplace businesses, which also include ticket re-seller StubHub and fulfillment specialist GSI Commerce.