Updated from 7:03 a.m. EDT
Here are 10 things you should know for Wednesday, March 12:
1.-- U.S. stock futures were pointing to losses for Wall Street on Wednesday as global markets declined on continued worries over China's economic outlook.
European stocks fell and Asian shares ended the session to the downside. Hong Kong's Hang Seng closed down 1.7% and China's Shanghai Composite declined 0.2%. Japan's Nikkei 225 slid 2.6%.
2.-- The economic calendar in the U.S. on Wednesday includes the Treasury Budget for February at 2 p.m. EDT.
3.-- U.S. stocks on Tuesday finished lower as the Ukrainian crisis lingered and concerns remained around Chinese economic growth.The Dow Jones Industrial Average fell 0.41% to close at 16,351.25, while the S&P 500 dipped 0.51% to 1,867.63. The Nasdaq dropped 0.63% to 4,307.19.
4.-- Federal prosecutors are examining whether GM (GM) is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, a source familiar with the investigation told Reuters.
The probe is in its early stages, and the source didn't elaborate on the legal theory behind the potential criminal liability, Reuters said.
Federal investigators are reviewing information about how GM handled reports of problems with ignition switches that first surfaced 10 years ago, the source said.
GM shares fell 0.6% in premarket trading to $34.97.
5. -- Men's Wearhouse (MW) said Tuesday it reached a deal to buy Jos. A. Bank (JOSB) for $65 a share in cash, or a total of $1.8 billion.
Shares of Men's Wearhouse fell 2.3% in premarket trading to $55.98. Jos. A. Bank shares rose 0.05% to $64.25.