NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Nov. 24:
1. -- U.S. stock futures were rising on Monday, following gains that were made Friday after China's central bank slashed interest rates in a surprise move.
European stocks were mixed. Asian shares finished Monday's session higher. China's Shanghai Composite Index rose 1.9% as did Hong Kong's Hang Seng. Tokyo's market was closed for a holiday.
2. -- The economic calendar in the U.S. on Monday is bare.
3. -- U.S. stocks on Friday netted record closing highs to end their fifth consecutive week of gains thanks to friends in the central banks of China and Europe. The record-making push over Friday's session put the S&P 500 and Dow Jones Industrial Average firmly in double-digit-gains territory for the year.
The S&P 500 closed 0.52% higher on Friday to 2,063.50, just 10 points shy of its highest trading mark set over the morning session. The Dow added 0.5%, while the Nasdaq surged 0.24%, near 14-year highs.
4. -- Symantec (SYMC) said it uncovered an advanced piece of malware, known as Regin, that has been used since 2008 to spy on a range of international targets.
"A back door-type Trojan, Regin is a complex piece of malware whose structure displays a degree of technical competence rarely seen. Customizable with an extensive range of capabilities depending on the target, it provides its controllers with a powerful framework for mass surveillance and has been used in spying operations against government organizations, infrastructure operators, businesses, researchers, and private individuals," Symantec said in a blog on its Web site.
Symantec said a "nation state" was likely the developer of the malware. It didn't identify any countries. Re/code reported that while Regin's origin is unclear, a short list of capable countries would include the U.S., Israel and China.
Symantec said that Regin infections "have been observed in a variety of organizations between 2008 and 2011, after which it was abruptly withdrawn," but a new version resurfaced from 2013 onward.
5. -- Tesla (TSLA) is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla CEO Elon Musk told Germany's weekly newspaper Der Spiegel.
"We are talking about whether we can collaborate in battery technology or charging stations," Musk said in an interview.
Musk called BMW's production of carbon fiber reinforced car body parts as "interesting" and "relatively cost efficient."
6. -- Samsung Electronics is considering a major change in leadership after a slump in its mobile unit caused profits to plunge in the latest quarter, The Wall Street Journal reported.
The Korea-based consumer electronics company is mulling a plan to remove co-chief executive and mobile head J.K. Shin from his current role at the helm of the company's mobile business, according to the Journal.
One option Samsung is considering is shifting responsibility for the mobile unit to co-CEO B.K. Yoon, who currently oversees Samsung's home-appliance and TV business, the report said, citing people close to the situation.
7. -- BioMarin Pharmaceuticals (BMRN) is expanding its reach into the market for rare disease therapies with a deal to buy Prosensa Holding (RNA) for up to $840 million, the companies announced Monday.
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8. -- Wall Street expects cybersecurity company Palo Alto Networks (PANW) to post a fiscal first-quarter profit of 12 cents a share on revenue of $181.7 million.
9. -- Talks to acquire Starz, the pay-TV channel controlled by John Malone, are heating up with Starz said to be seeking around $5 billion, The New York Post reported.
The business has drawn interest from CBS (CBS) , which owns Showtime, and "The Hunger Games" studio Lionsgate (LGF) , sources told the newspaper.
10. -- Chinese solar-panel maker Trina Solar (TSL) reported third-quarter earnings of 14 cents per American depositary share, flat with a year earlier and in line with analysts' estimates.
Revenue in the quarter rose 13% from last year to $617 million.
-- Written by Joseph Woelfel
To contact the writer of this article, click here:Joseph Woelfel