NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Nov. 18:
1. -- U.S. stock futures were pointing lower on Tuesday but stocks snapped back in Japan and rose in Europe.
Tokyo's Nikkei gained 2.2% ahead of an announcement from Japanese Prime Minister Shinzo Abe that he would postpone a sales tax hike planned for next year until 2017 and hold elections in December. Stocks in Japan, the world's third-largest economy, fell by 3% on Monday following news that the country unexpectedly slid into recession.
Stocks in London, Paris and Frankfurt traded higher on Tuesday as investor confidence in Germany rose for the first time this year.
2. -- The economic calendar in the U.S. on Tuesday includes the Producer Price Index for October at 8:30 a.m. EST, and the NAHB Housing Market Index for November at 10 a.m.
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3. -- U.S. stocks on Monday finished mixed with the Dow Jones Industrial Average and S&P 500 posting slight gains amid a backdrop of a Japanese recession and corporate deal-making in the U.S.
The Nasdaq fell 0.37%.
4. -- Home Depot (HD) , the nation's No. 1 home-improvement retailer, reported third-quarter earnings of $1.15 a share, up from year-earlier profit of 95 cents a share and ahead of analysts' estimates of $1.13 a share.
Revenue rose 5.4% to $20.52 billion from $19.47 billion a year earlier. Wall Street expected third-quarter revenue of $20.47 billion.
Same-store sales for the quarter rose 5.2% while U.S. stores saw an increase of 5.8%.
5. -- SunEdison (SUNE) and its subsidiary, TerraForm Power (TERP) , said they are teaming up to acquire a wind projects operator First Wind in a $2.4 billion deal.
Solar power developer SunEdison is aiming to use the acquisition to enter the wind market, while TerraForm Power, a renewable energy power plant operator, is seeking to increase its geographic reach and increase its energy generation output by 50%.
The deal is expected to close in the first quarter of 2015.
"The acquisition of First Wind transforms both SunEdison and TerraForm Power into diversified renewable energy companies and will make SunEdison the leading renewable power plant developer in the world," said SunEdison President and CEO Ahmad Chatila in a statement.
6. -- Toyota (TM) plans to begin selling fuel cell cars in Japan next month and in the U.S. and Europe in mid-2015.
The Toyota Mirai will be sold for 6.7 million yen ($57,600) before taxes, according to The Associated Press.
Toyota hopes to sell 400 of the cars in Japan and 300 in the rest of the world in the first year.
7. -- Urban Outfitters (URBN) reported that third-quarter earnings fell from a year earlier and were below Wall Street expectations as sales at its namesake brand stumbled.
Urban Outfitters earned $47.1 million, or 35 cents a share, in the third quarter, down from $70.3 million, or 47 cents, a year earlier. Revenue rose to $814.5 million from $774 million.
Same-store sales fell 1% in the quarter, while same-store sales at the retailer's namesake brand declined 7%.
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8. -- Snapchat, the mobile messaging company, launched a new service with Square that allows users 18 and older to send money to one another.
Snapchat described on its official blog how the service -- Snapcash -- works:
"After you enter your debit card, it's securely stored by Square, who will swiftly process your payment and send cash directly to your friend's bank account. Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button."
Snapchat won't make any money from the transfers, according to The Wall Street Journal, but Snapcash could help the company build a business selling goods and services through the app.
9. -- The supporters of a Senate bill to approve the controversial Keystone XL pipeline are still scrambling to find the last vote, according to a report.
A vote to advance the measure is scheduled for Tuesday. According to The Associated Press, 59 senators publicly voiced the support for the bill; 60 votes are needed.
All 45 Republicans support it, and 11 Democrats have signed onto the bill, along with three others who have publicly said they will vote "yes."
Maine independent Sen. Angus King left open the possibility on Monday that he would support legislation to approve the pipeline.
"I'm a probable no," King told reporters. But several times he refused to rule out voting for the legislation.
10. -- TJX Cos. (TJX) is expected to earn 85 cents in its third quarter on sales of $7.44 billion.
-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel