NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, Sept. 16:
1. -- U.S. stock futures were slightly lower but European stocks rose amid talk of a mega-merger of beer brewers and as investors began the countdown to Thursday's decision on U.S. interest rates.
Asian stocks finished the trading session with gains. China's Shanghai Composite Index jumped 4.9%, with all of the gains coming in the final hour of trading.
2. -- The economic calendar in the U.S. on Wednesday includes the Consumer Price Index for August at 8:30 a.m. EDT, the NAHB Housing Market Index for September at 10 a.m., and crude inventories for the week ended Sept. 12 at 10:30 a.m.
3. -- U.S. stocks on Tuesday rose as the possibility of a delay in an interest rate increase by the Federal Reserve fueled a rally.
Weaker U.S. industrial data, softer retail sales, and dismal business conditions in the New York region kept the hope alive that the Fed could delay its first rate hike in nearly a decade as its two-day meeting begins Wednesday.
The S&P 500 rose 1.3%, the Dow Jones Industrial Average gained 1.4%, or 230 points, and the Nasdaq added 1.1%.
4. -- Hewlett-Packard (HPQ - Get Report) said its enterprise unit would cut 25,000 to 30,000 workers in a cost-cutting effort after its split from HP's PC and printer division.
"These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise," CEO Meg Whitman said in a statement. "We've done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring."
HP's enterprise unit is seeking to reduce annual costs by $2.7 billion.
Hewlett Packard Enterprise said Tuesday it expects to report earnings of $1.85 to $1.95 a share for fiscal 2016 after the split. The company expects free cash flow of $2 billion to $2.6 billion in fiscal 2016.
The companies said in separate announcements that no specific offer has been made.
"AB InBev's intention is to work with SABMiller's Board toward a recommended transaction. There can be no certainty that this approach will result in an offer or agreement, or as to the terms of any such agreement," AB InBev, the world's largest brewer, said.
SABMiller, the world's No. 2 brewer, said it "would review and respond as appropriate to any proposal which might be made."
6. -- A tentative contract agreement reached Tuesday between the United Auto Workers and Fiat Chrysler (FCAU - Get Report) addresses pay and health care issues, but neither side would give specifics about the pact.
The carmaker and union announced the accord covering about 40,000 workers nationwide after almost 48 continuous hours of bargaining. The agreement will serve as a template for General Motors (GM - Get Report) and Ford (F - Get Report) , both of which are operating on contract extensions.
Union officials still must be briefed on the four-year package, then the full membership will vote on it, according to The Associated Press.
7. -- Cable network AMC Networks (AMC - Get Report) is back in talks to acquire billionaire John Malone's Starz (STRZA) , another TV programmer, Bloomberg reported, citing people familiar with the matter.
The preliminary discussions may not result in an acquisition, the people told Bloomberg. Malone is the largest individual investor in Starz, according to company filings.
Google named auto industry veteran John Krafcik, a former CEO of Hyundai Motors America, as chief executive of its self-driving car project.
Google's Philipp Justus, who is also the managing director for central and eastern Europe, told Reuters the company was working on cars in partnership with the auto industry, but wasn't planning to become a car manufacturer.
"That is not something we could do alone," Justus said.
The new rate will be payable Dec. 10, to shareholders of record Nov. 19.
The technology giant last September increased its dividend to 31 cents from 28 cents.