Updated from 6:56 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, Aug. 17:
1. -- U.S. stock futures are edging slightly into negative territory as investors reflect on the prior choppy week and look to manufacturing data.
European stocks staged a modest rebound on Monday, as fears about a long-running plunge in the renminbi abated and the eurozone moved closer to a resolution to the Greek debt crisis.
In Frankfurt, the DAX was up 0.34%, and in Paris, the CAC 40 gained 0.37%. In London, the FTSE 100 was down 0.09%. The Athens benchmark was up 0.61%.
Asian stocks were mixed, as Japanese stocks rose despite weaker economic data and Chinese stocks stabilized after a rollercoaster week with three Chinese currency devaluations.
In Tokyo, the Nikkei 225 closed up 0.49% and the Topix gained 0.51% after second-quarter GDP declined, but not as much as feared. In Hong Kong, the Hang Seng fell 0.70%. In mainland China, indices ended the day predominantly in the green. The Shanghai Composite index rose 0.71%.
2. -- The economic calendar in the U.S. on Monday includes the New York Fed's Empire State Manufacturing Survey at 8:30 a.m., the National Association of Home Builders' Housing Market Index at 10 a.m., and e-commerce retail sales data at 10 a.m.
3. -- U.S. stocks on Friday closed out a turbulent week with gains, as China repeatedly devalued its currency and as stronger economic data in the U.S. suggested that the Federal Reserve may raise rates as soon as September.
4. -- A scathing portrait of the corporate culture at Amazon (AMZN - Get Report) in The New York Times attracted a variety of responses, ranging from full-throated defense of the online retailer to scornful condemnations of Amazon. The article describes Amazon as a place that drives its employees hard, encourages them to argue with one another over ideas, asks them to secretly report on one another's flaws, and fires them for not meeting tough performance metrics. The story also suggested that parents or the sick are often pushed out of the company.
Amazon's CEO, Jeff Bezos, sent his staff a memo about how he feels the story didn't reflect Amazon.
In premarket trading, Amazon stock was falling by 0.25%.
5. -- Trian Capital Management, the activist hedge fund run by Nelson Peltz, bought a 7% stake in Sysco (SYY - Get Report), the food distributor. The company's shares as undervalued, Trian said. The hedge fund will seek seats on Sysco's board. Trian is now the largest shareholder in Sysco.
In premarket trading, Sysco stock was dropping by 0.97% after a 7.4% rise Friday on rumors of the move.
In June, IndiGo's owner, InterGlobe Aviation, filed paperwork for an IPO.
7. -- Cargill, the private agricultural company, is spending €1.35 billion ($1.5 billion) to buy EWOS, a Norwegian fish feed company. EWOS's sellers were funds from Altor and Bain Capital.
The move helps Cargill expand further into fish farming.
8. -- Japan's economy shrank in the second quarter, hurt by lower consumer spending and fewer exports. Japan faced a short recession last year and its growth rate has been unsteady in recent quarters. GDP also fell to by an annualized 1.6% in the second quarter.
The weaker economy is in spite of an injection of stimulus funds designed to finally end Japan's two decades of deflation. Unemployment in the country has dropped to 18-year lows -- to 3.4%.
9. -- Sandell Asset Management, an activist investor, is pushing Ethan Allen (ETH - Get Report) to sell itself to a private equity company or to sell off its real estate holdings. Sandell holds a 5.5% stake in the furniture retailer and said it was planning to nominate directors to the company's board. Ethan Allen appears to be pushing back against Sandell by moving a shareholder meeting from Oct. 15 to Nov. 17.
In premarket trading, Ethan Allen stock was level after a 1.3% rise Friday.
10. -- Earnings reports for Monday include Estee Lauder (EL - Get Report) before the opening bell, and Agilent Technologies (A - Get Report) and Urban Outfitters (URBN - Get Report) after the closing bell.