Updated from 7:16 a.m. EDT
Here are 10 things you should know for Tuesday, March 11:
1.-- U.S. stock futures were flat on Tuesday as global markets stabilized after selling off during the previous session.
European shares were trading flat to slightly higher early Tuesday. Asian stocks ended the session mostly to the upside. Japan's Nikkei 225 index rose 0.7%.
2.-- The economic calendar in the U.S. on Tuesday includes wholesale inventories for January at 10 a.m. EDT.
3.-- U.S. stocks on Monday fell amid poor economic data from China and Japan.The Dow Jones Industrial Average declined 0.21% to close at 16,418.68, while the S&P 500 fell 0.05% to 1,877.17. The Nasdaq dropped 0.4% to 4,334.45.
4.-- GM (GM) faced new pressure from Michigan Republican Fred Upton to explain why it took nearly a decade to recall 1.6 million vehicles for faulty ignitions linked to 13 deaths, even as the automaker hired a high-profile lawyer to lead its internal investigation and stepped up warnings to customers, The Wall Street Journal reported.
The House Energy and Commerce Committee, of which Upton is chairman, said it would launch an investigation into the slow recall and hold hearings.
"Did the company or regulators miss something that could have flagged these problems sooner? If the answer is yes, we must learn how and why this happened, and then determine whether this system of reporting and analyzing complaints that Congress created to save lives is being implemented and working as the law intended," Upton said in a statement on Monday.
GM said Monday it was bringing in Anton Valukas, the Chicago lawyer who led the court-ordered investigation of the Lehman Brothers collapse in 2008, to lead the company's own inquiry into the recall, the Journal said.
GM shares fell 0.2% in premarket trading on Tuesday.
5.-- SoftBank CEO Masayoshi Son, speaking to PBS's Charlie Rose, said his company is still trying to buy T-Mobile US (TMUS) and merge it with Sprint (S), its wireless carrier.
U.S. regulators have reservations about the deal since it would cut the number of national wireless carriers, Reuters reported.