NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Sept. 16:
1. -- U.S. stock futures were falling Tuesday and some European indices were trading at two-week lows, as Federal Reserve policy makers prepared to begin a two-day meeting.
Asian stocks ended Tuesday's session with losses.
2. -- The economic calendar in the U.S. on Tuesday includes the Producer Price Index for August at 8:30 a.m. EDT. The Federal Open Market Committee begins a two-day meeting on Tuesday with an announcement on interest rates expected Wednesday afternoon.
3. -- U.S. stocks on Monday finished mixed, as investors appeared cautious ahead of the Fed meeting.
The Dow Jones Industrial Average
4. -- Alibaba, the e-commerce giant, raised the price range of its initial public offering because of strong demand to $66 to $68 a share, up from its previously set range of $60 to $66 apiece.
At the top of the range, Alibaba and selling shareholders would now raise almost $22 billion.
The number of shares to be offered in the IPO remained at 368.1 million shares.
5. -- Boeing (BA) appears positioned to beat out two smaller rivals for the bulk of a multibillion-dollar NASA contract to ferry astronauts to and from orbit, The Wall Street Journal reported, citing government and aerospace-industry officials.
If Boeing gets the space taxi award it would beat out Space Exploration Technologies Corp., or SpaceX, which had been considered a favorite because of its lower costs and nimbler approach, the Journal noted.
An announcement is expected as early as Tuesday.
6. -- Separately, a joint venture of Boeing and Lockheed Martin (LMT) plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com (AMZN) founder Jeff Bezos, to develop a new rocket engine, a source familiar with the plans told Reuters.
Officials at Boeing and Lockheed declined comment. No comment was immediately available from Blue Origin or United Launch Alliance (ULA), the Boeing-Lockheed venture that uses Russian-built engines to power some of its rockets, Reuters reported.
7. -- Adobe Systems (ADBE) , the maker of business software, is expected by analysts on Tuesday to report fiscal third-quarter earnings of 26 cents a share on revenue of $1.02 billion.
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