NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Dec. 15:
1. -- U.S. stock futures were rising following steep losses last week as oil prices rebounded on Monday and after Japanese Prime Minister Shinzo Abe's weekend election victory that gives him up to four more years to revive the country's economy.
European stocks rose while Asian shares ended the session mostly lower.
Stocks in Australia declined while a hostage situation unfolded in a cafe in Sydney.
2. -- The economic calendar in the U.S. on Monday includes the Empire State Manufacturing Index for December at 8:30 a.m. EST, industrial production and capacity utilization for November at 9:15 a.m, and the NAHB Housing Market Index for December at 10 a.m.
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3. -- U.S. stocks on Friday declined and ended the week lower following a freefall in oil prices.
The S&P 500 fell 1.62% on Friday to 2,002.33. The index is down 3% from its most recent high just a week ago. The Dow Jones Industrial Average fell more than 300 points, or 1.8%, on Friday while the Nasdaq declined 1.16%.
4. -- Pet supply and services chain PetSmart (PETM) agreed to be acquired by a consortium led by BC Partners for $8.7 billion, or $83 a share in cash, a premium of about 6.9% to Friday's closing price of $77.67.
The deal values PetSmart about 39% above where shares ended on July 2, a day before Jana Partners disclosed it had taken a 9.9% stake in the company -- which it deemed undervalued -- and said it planned to discuss options with the retailer's board including a potential sale of the company.
5. -- Apple (AAPL) will head to court on Monday to appeal the e-books price-fixing judgment the Justice Department won against the iPhone and iPad maker more than a year ago.
U.S. District Judge Denise Cote concluded last year that Apple colluded with book publishers in 2010 to raise electronic book prices.
When it filed its appeal in February, Apple refuted the antitrust finding, and said its entrance into the e-book market "kick-started competition in a highly concentrated market, delivering higher output, lower price levels, and accelerated innovation."
6. -- Taxi drivers were blocking some roads around Paris and its airports to urge the French government to ban ride-booking service Uber.
The demonstration Monday comes as France's Interior Ministry said UberPop, the company's low-cost service, will be outlawed as of Jan. 1, when a new law tightens regulations for chauffeured rides.
7. -- Warren Buffett's firm, Berkshire Hathaway (BRK.A) , said it's acquiring logistics company Charter Brokerage from private-equity firm Arsenal Capital Partners.
The financial terms of the deal were not disclosed.
Charter Brokerage is based in New York and provides global logistics services to the petroleum and chemical industries.