NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Nov. 10:
1. -- U.S. stock futures rose on Monday after the Dow Jones Industrial Average finished with another record close on Friday.
European stocks were higher. Stocks in Hong Kong and China finished with gains following the news of a cross-border trading link between Hong Kong and Shanghai that will go live on Nov. 17.
2. -- The economic calendar in the U.S. on Monday is bare.
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3. -- U.S. stocks on Friday ended mixed with the Dow Jones Industrial Average posting a small gain though enough to cement the index's third consecutive record close and weekly gain of more than 1%.
The Nasdaq closed lower by 0.13% and the S&P 500 rose 0.04% as investors digested the jobs report for October.
4. -- General Motors (GM) ordered a half-million replacement ignition switches to fix Chevrolet Cobalts and other small cars almost two months before it alerted federal safety regulators to the problem, according to emails viewed by The Wall Street Journal.
The parts order, not publicly disclosed by GM, and its timing are sure to give fodder to lawyers suing GM and who are looking to poke holes in a timetable the automaker gave for its recall of 2.5 million vehicles, the Journal noted. The recall concerns a switch issue that is now linked to 30 deaths.
The email exchanges took place in mid-December 2013 between a GM contract worker and GM's ignition-switch supplier, Delphi Automotive. The emails indicate GM placed a Dec. 18 "urgent" order for 500,000 replacement switches one day after a meeting of senior executives. GM and an outside report it commissioned have said the executives discussed the Cobalt at the Dec. 17 meeting but didn't decide on a recall, the Journal reported.
5. -- Dendreon (DNDN) , the maker of prostate-cancer drug Provenge, filed for Chapter 11 bankruptcy protection.
The company said Monday it reached agreements on the terms of a financial restructuring with certain bondholders.
Dendreon said the financial restructuring "may take the form of a stand-alone recapitalization or a sale of the company or its assets."
Dendreon said it would keep operating during the restructuring process. It said it has about $100 million of cash, cash equivalents and investments on hand as of Friday.
6. -- Flight attendants at American Airlines (AAL) on Sunday rejected a five-year contract.
The contract fell just 16 votes shy of being approved -- 8,180 voted for it while 8,196 voted against the contract.
The airline, the world's largest, and the flight attendants will enter binding arbitration. The first arbitration meeting is scheduled for Dec. 3, according to the Association of Professional Flight Attendants.
7. -- Warren Buffett's Bershire Hathaway (BRK.A) said third-quarter profit fell 9% from a year earlier.
The company reported on Friday that it earned $4.62 billion, or $2,811 per Class A share, in the third quarter, down from year-earlier earnings of $5.05 billion, or $3,074 a share, which included $1.39 billion in investment and derivative gains.
Revenue rose 10% to $51.2 billion.
Berkshire said operating earnings in the quarter were $4.7 billion, or $2,876 per share, up 29% from last year.
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8. -- Cloud company Rackspace (RAX) is expected by analysts on Monday to report fiscal third-quarter earnings of 16 cents a share on revenue of $458.4 million.
9. -- Investment bankers and private-equity employees should see bonuses rise as much as 15% from a year ago, according to an analysis by Johnson Associates, a New York compensation-consulting firm, the Journal reported.
Bonuses paid to fixed-income and stock traders may decline by as much as 10%, Johnson Associates said. Hedge-fund payouts should range from an increase of 5% to a decrease of 10%, the firm said.
10. -- Disney's (DIS) animated adventure "Big Hero 6," debuted in first place over the weekend with a take of $56.2 million, topping Paramount's "Interstellar," which made $50 million, according to studio estimates.
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-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel