NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Dec. 22:
1. -- U.S. stock futures were higher and European and Asian stocks rose as oil prices rebounded.
Saudi Petroleum Minister Ali Naimi said Sunday he was certain the oil market would recover with the improvement of the global economy.
Crude oil traded electronically on the New York Mercantile Exchange rose 0.3% early Monday to $57.30.
2. -- The economic calendar in the U.S. on Monday includes existing home sales for November at 10 a.m. EST.
3. -- U.S. stocks on Friday rose for the third straight day after Federal Reserve Chair Janet Yellen and the central bank pledged patience in raising interest rates next year.
The S&P 500 added 0.46% on Friday, mere points below its all-time closing high of 2,075 reached in early December. The Dow Jones Industrial Average climbed 0.15%, and the Nasdaq jumped 0.36%.
Under terms of the deal announced Sunday night, AbbVie agreed to significantly discount the price of its Viekira Pak hepatitis C therapy in exchange for exclusive access to Express Script's 25 million customers. Starting Jan. 1, Gilead Sciences' GILD competing hepatitis C drugs, Sovaldi and Harvoni, will be excluded from Express Scripts' formulary.
The deal covers patients with genotype 1 hepatitis C, the most common form of the liver disease in the U.S.
5. -- William C. Erbey, the executive chairman of Ocwen Financial (OCN) , will resign as part of a legal settlement with New York's financial regulator, people familiar with the matter told The Wall Street Journal.
Erbey, who built Ocwen during more than two decades into the largest nonbank company handling mortgage payments and administering foreclosures, will step down by mid-January as part of a wide-ranging proposed consent order with the New York Department of Financial Services, the people said.
Ocwen also will pay $150 million toward New York housing programs and aid to foreclosed homeowners, the people told the Journal, and appoint two outside directors subject to state consultation.
Staples acknowledged in October it was investigating a potential malicious security breach of its cash registers. But at the time it didn't release the extent of the attack.
On Friday, Staples announced that malicious software was put on its point-of-sale systems at 115 of its U.S. retail stores. With the hack attack, cyber thieves were able to access information on credit card transactions and put that knowledge to use.
7. -- Dish Network (DISH) , the satellite TV provider, is no longer carrying Fox News Channel and Fox Business Network after the companies couldn't reach terms on a new distribution contract.
Dish, of Englewood, Colo., said in a statement that 21st Century Fox (FOXA) was blocking access to the two channels as part of contract negotiations. Fox said Dish shut down the server at 11:50 p.m. on Saturday, 10 minutes before the contract ended.
Dish blamed Fox for introducing other channels into negotiations despite those not being included in the contract up for renewal. Fox said Dish was to blame for prematurely shutting down the network "in an attempt to intimidate and sway our negotiations."
The round, which could close as early as Monday, is led by All-Stars Investment, a tech investment fund run by former Morgan Stanley analyst Richard Ji, the person said. Other participants in the round include Russian investment firm DST Global and Singapore sovereign-wealth fund GIC, which are both already shareholders of Xiaomi.
Yunfeng Capital, a private-equity firm affiliated with Alibaba Executive Chairman Jack Ma also is participating in the round, the source said.
9. -- President Obama said the U.S. is reviewing whether to put North Korea back on its list of state sponsors of terrorism as Washington decides how to respond to what he calls an "act of cybervandalism," not one of war, against Sony Pictures.
North Korea has reacted angrily to Obama's comments blaming it for the hacking of Sony (SNE) , warning of strikes against the White House, Pentagon and "the whole U.S. mainland, that cesspool of terrorism."
Sony, which said it canceled the theatrical release of The Interview after distributors refused to show it, pledged to find a way to get the film out. The comedy involves a plot to assassinate North Korea's leader.
10. -- European planemaker Airbus delivered its first A350 jet, handing over the wide-body plane to Qatar Airways after years of delays and a costly redesign.
Airbus hopes the A350 XWB will help it catch up in a long-haul market dominated by rival Boeing's (BA) 777 and 787.
-- Written by Joseph Woelfel
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