Here are 10 things you should know for Wednesday, Nov. 18:
1. -- U.S. stock futures were suggesting a flat start for Wall Street on Wednesday as a police raid in a Paris suburb targeted the suspected mastermind behind Friday's terrorist attacks in the French capital.
Two suspects died in the raid, according to reports. The Wall Street Journal reported that investigators raided the apartment Wednesday acting on suspicion that Abdelhamid Abaaoud, a Belgian-born senior Islamic State operative, may have been there.
European shares gave up some of the previous session's gains as police raided the apartment.
Asian stocks ended Wednesday's session mixed.
2. -- The economic calendar in the U.S. on Wednesday includes Housing Starts and Building Permits for October at 8:30 a.m. EST, and minutes from the Oct. 28 meeting of the Federal Open Market Committee at 2 p.m.
3. -- U.S. stocks on Tuesday erased earlier gains by the close as lower oil prices and a fresh terror scare in Germany rattled the markets.
The S&P 500 fell 0.04%, the Dow Jones Industrial Average rose 0.10%, and the Nasdaq gained 0.07%.
Fairchild shares closed Tuesday at $17.88 and were rising 8.5% in premarket trading to $19.40.
The combined company will have combined revenue of about $5 billion.
"The combination of ON Semiconductor and Fairchild creates a power semiconductor leader with strong capabilities in a rapidly consolidating semiconductor industry. Our plan is to bring together two companies with complementary product lines to offer customers the full spectrum of high, medium and low voltage products," said Keith Jackson, president and CEO of ON Semiconductor, in a press release.
Revenue in the quarter was $14.36 billion, which also bested forecasts. Same-store sales in the quarter rose 4.6%; analysts were expecting growth of 4.1%.
The No. 2 home-improvement retailer behind Home Depot said it expects full-year earnings of $3.29 a share.
6. -- Staples (SPLS) posted adjusted earnings of 35 cents a share in its fiscal third quarter, matching the estimates of analysts.
Revenue of $5.59 billion fell short of forecasts.
Staples said it expects earnings for the current quarter, which ends in January, of 26 cents to 30 cents a share.
7. -- Norfolk Southern (NSC - Get Report) late Tuesday acknowledged it received what it called an "unsolicited, low-premium, non-binding and highly conditional indication of interest" from railroad rival Canadian Pacific (CP - Get Report) and would evaluate it.
Norfolk Southern said the per-share offer worth $46.72 in cash and 0.348 of a Canadian Pacific share represents a premium of less than 10% based on its closing price Tuesday.
Canadian Pacific said the offer includes a "sizable premium in cash and stock" to Norfolk Southern shareholders.
Canadian Pacific said the combined company would have the potential for faster profit growth than either could achieve alone.
The move coincides with a court filing by Attorney General Eric Schneiderman on Tuesday seeking a temporary injunction that would shut down DraftKings and FanDuel, the leading online daily sports sites.
Yahoo!, which operates a daily fantasy sports site, was issued a subpoena by Schneiderman, the person familiar with the matter said. The company was not named in Schneiderman's filing on Tuesday, Reuters reported.
9. -- Wells Fargo ( WFC - Get Report) named Tim Sloan the bank's president and chief operating officer, a new position.
Sloan will take on the role effective immediately. He will retain his current role as head of wholesale banking.
Sloan joined Wells Fargo in 1987.