Updated from 7:12 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, June 8:
European stocks showed plenty of action Monday, despite continued nervousness about negotiations with Greece and some downsizing of expectations on the British economy. The major European indices were falling despite a management change at Deutsche Bank (DB - Get Report) and talk of deal for BT (BT) from Deutsche Telekom (DTEGY).
Asian stocks were mixed, as Japan's Nikkei 225 fell very slightly and Hong Kong's Hang Seng rose. In China, the Shanghai Composite was up 2.2%. The Shenzhen index fell 4.7%.
2. -- The economic calendar in the U.S. on Monday is quiet.
3. -- U.S. stocks on Friday closed down for the week, as investors debated whether the strong nonfarm payrolls report would be good or bad for stocks.
The Dow Jones Industrial Average (DIA - Get Report) dropped 0.31% to 17,849.46. The S&P 500 (SPY - Get Report) closed with a 0.14% haircut to 2,092.83. The Nasdaq (QQQ - Get Report) went up 0.18% to 5,068.46.
4. -- General Electric (GE - Get Report) may sell most of its private equity lending business to the Canada Pension Plan Investment Board, Canada's largest pension fund, for around $12 billion, according to reports. Ares Management (ARES - Get Report) was also reported to be buying out the $8 billion Senior Secured Loan Program, which it currently runs jointly with GE.
More details on the deal are expected Monday. GE announced in April that it would pull back from its finance business and instead focus on its industrial divisions.
In premarket trading, GE stock was falling by 0.09%.
5. -- Department store operator Sears Holding (SHLD) announced a first-quarter loss, although a smaller one than in the prior quarter. The owner of Sears and Kmart lost $303 million, or an adjusted $2 per share. A year ago, the company lost $402 million, or $3.79 a share. Revenue, however, was down to $5.88 billion from $7.88 billion.
In premarket trading, Sears stock was rising by 4.2%.
6. -- Swiss company Syngenta (SYT) has rejected another takeover bid from agricultural seed and chemical company Monsanto (MON). Monsanto is facing pressure about its Roundup weedkiller, and Syngenta would help the company expand into other types of herbicides and chemicals.
In a statement posted on its Web site, Syngenta refused Monsanto's offer, saying, "Monsanto's second letter represents the same inadequate price, same inadequate regulatory undertakings to close, same regulatory risks and same issues associated with dual headquarters' moves. As such, we have reiterated our prior rejection of Monsanto's proposal." Syngenta said Monsanto's offer of a $2 billion breakup fee if regulators stopped the deal was "wholly inadequate."
In premarket trading, Monsanto stock was level.
7. -- The Compagnie de Saint Gobain (CODGF) rose, then fell back in French trading on news of talks with U.S. private equity investor Apollo Global Management (APO - Get Report) about selling its glass packaging maker Verallia for €2.95 billion ($3.28 billion). Apollo stock was level in premarket trading.
8. -- Chinese stocks are at their highest point in seven years. Stocks on the Shanghai Composite are up 2.2% for the day after rising 9% last week. At the same time, the Shenzhen index fell 4.7%.
China announced last week that it would clamp down on those who buy stocks on margin.
9. -- A shakeup at Deutsche Bank (DB - Get Report) will have one of the two co-CEOs retire at the end of this month, and the other leave before the end of his contract in 2017. Anshu Jain is retiring, followed by Jürgen Fitschen next year. The company has appointed John Cryan, a former UBS (UBS - Get Report) executive, in Jain's place.
The appointment of an outsider, Cryan, at Deutsche Bank suggests that the bank may be looking to pull back from its investment activity, as other European banks have already done. The company is in the midst of a reorganization plan.
In premarket trading, Deutsche Bank's ADRs were rising by 5.7% after a drop of 2.25% on Friday.
10. -- Earnings reports for Monday include Sears Holding (SHLD) before the opening bell and Dave & Buster's Entertainment (PLAY - Get Report), Fuel Cell (FCEL - Get Report) and H&R Block (HRB - Get Report) after the closing bell.