Sept. 8 Premarket Briefing: 10 Things You Should Know

Updated from 6:46 a.m. EDT.

NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Sept. 8:

1. -- U.S. stock futures were pointing to a lower start for Wall Street on Monday. European stocks traded flat to lower after a poll showed a narrow majority supporting Scottish independence for the first time ahead of a Sept. 18 referendum.

Asian shares ended the session mixed after data from China showed imports in August declined 2.4%.

2. -- The economic calendar in the U.S. on Monday includes Consumer Credit for July at 3 p.m. EDT.

3. -- U.S. stocks on Friday climbed to end the week higher as weaker-than-expected jobs growth minimized worries the Federal Reserve would hike rates sooner than later. 

The S&P 500  gained 0.5% on Friday to finish at 2,007.71, the Dow Jones Industrial Average  rose 0.4% to 17,137.36, and the Nasdaq  addede 0.45% to 4,582.90.

4. -- Alibaba expects to price its initial public offering at between $60 to $66 a share, according to a regulatory filing late Friday that sets the stage for the Chinese e-commerce giant to make its debut on the New York Stock Exchange later this month.

At $66 a share, Alibaba would be valued at almost $163 billion.

Alibaba plans to sell 123 million of the shares in the IPO, with the rest being offered by the company's early investors, including Yahoo! (YHOO) , which is parting with some of its 22% stake.

Alibaba's IPO launch is expected around Sept. 18. Management will begin traveling around the world this week to meet with money managers and other investors interested in investing in the IPO.

5. -- Sweden's Electrolux  (ELUXY) is buying the appliances business of General Electric (GE) for $3.3 billion, boosting its presence on the North American market.

The Stockholm-based company on Monday said the acquisition, its largest ever, will enhance its position as a global player in home appliances.

GE confirmed last month it was in talks to sell its appliances division as part of its effort to focus on selling more complex and profitable industrial equipment.

GE shares rose 4 cents in premarket trading to $26.14.

6. -- Campbell Soup (CPB)  reported adjusted fiscal fourth quarter earnings of 49 cents a share, in line with analysts' forecasts.

Revenue in the quarter was $1.85 billion, below forecasts of $1.87 billion.

Campbell Soup said it expects full-year earnings in the range of $2.45 to $2.50 a share.

The stock fell 3.2% in premarket trading to $43.12.


7. -- Boeing (BA) and Ryanair Holdings (RYAAY) plan to make a significant fleet announcement on Monday, following reports from Reuters on Friday that the low-cost Irish airline was poised to place a $10 billion order for Boeing's new 737 MAX jetliner.

Boeing CEO Ray Conner and Ryanair CEO Michael O'Leary are expected to make an announcement in New York on Monday.

Reuters reported that Ryanair, Europe's largest budget airline, was in advanced talks to order at least 100 Boeing 737 MAX 8 jetliners, modified to include 11 extra seats, bringing total seating in the new plane up to 200. One source told Reuters the order could be for as many as 150 of the jets.

8. -- Landline phone service provider CenturyLink (CTL) is seeking to acquire Rackspace Hosting  (RAX)  to further expand into cloud-computing services, Bloomberg reported, citing people familiar with the situation.

CenturyLink has discussed the idea with Rackspace, which last month said it is still conducting an internal review of its strategic options, according to the people. One person told Bloomberg a deal may not be reached for the company, which had a stock-market valuation of $5.33 billion at the end of last week.

Rackspace shares rose 4.8% to $39.02; CenturyLink shares fell 0.8%.

9. -- Apple (AAPL)  is expected to announced a larger iPhone and possibly a computerized watch at a launch event Tuesday in Cupertino, Calif. But speculation also is rising that the tech giant could announce a mobile payments strategy following several reports Apple is working with payments companies Visa (V) Mastercard  (MA) and American Express  (AXP) .

10. -- S. Truett Cathy, the billionaire founder of the privately held Chick-fil-A restaurant chain that famously closes on Sundays but also drew unwanted attention on gay marriage in recent years because of his family's conservative views, died early Monday, a company spokesman said. He was 93.

-- Written by Joseph Woelfel

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