Here are 10 things you should know for Monday, Dec. 7:
1. -- U.S. stock futures were pushing higher on Monday following the strong U.S. jobs report that was released on Friday.
European stocks rose, taking a more positive view of a likely U.S. rate rise next week as well as coming to terms with the European Central Bank's less-dramatic-than-expected stimulus package last week.
Asian shared ended Monday's session mixed.
2. -- The economic calendar in the U.S. on Monday includes Consumer Credit for October at 3 p.m. EST.
3. -- U.S. stocks on Friday surged after a greater number of jobs were added to U.S. nonfarm payrolls in November. The report was the last key data on the state of the labor market before the Federal Reserve meets Dec. 15-16.
The S&P 500 closed up 2% on Friday and returned to positive territory for the year. The Dow Jones Industrial Average rose 2% over the session, while the Nasdaq gained 2.1%.
4. -- General Electric (GE - Get Report) said Monday it terminated its agreement to sell its appliances business to Electrolux (ELUXY) and "will now pursue other options to sell the appliances business."
In a statement, GE said it's entitled to a break-up fee of $175 million from Electrolux. The industrial conglomerate also said its "appliances business is performing well and GE will continue to run the business while it pursues a sale."
GE agreed to buy the Electrolux business for $3.3 billion in September 2014. The Justice Department in July 2015 sued the companies to halt the deal.
Electrolux said Monday it "has made extensive efforts to obtain regulatory approvals, and regrets that GE has terminated the agreement while the court procedure is pending."
5. -- Oil prices on Monday were trading down 1.4% to $39.40 a barrel, near the lows for the year, after the Organization of Petroleum Exporting Countries last week confirmed that it had revised its oil production ceiling up to 31.5 million barrels a day, above a previous cap of 30 million. OPEC has held production at record highs to maintain market share as crude prices have tanked.
6. -- Yahoo!'s (YHOO) board wrapped up its regular December meeting last week without a final decision as to whether it will move forward with its planned spinoff of its huge stake in China's Alibaba (BABA - Get Report) , according to Re/code.
It's not clear if the directors will halt the transaction, pause it or simply continue with it, but sources said the decision was to have been made by the of the weekend, Re/code reported.
Meanwhile, Yahoo!'s board appears to be sticking by CEO Marissa Mayer even though directors have voiced concerns about her leadership, Re/code reported, citing sources.
7. -- Carl Icahn disclosed Friday a 12.12% stake in Pep Boys-Manny Moe & Jack (PBY) , saying the company's auto-parts segment presents an "excellent synergistic acquisition opportunity" for Auto Plus, a company controlled by Icahn Enterprises (IEP - Get Report) .
Icahn's firm said it has held talks with Pep Boys representatives on potential transactions involving the retail segment and it expects those talks to continue, according to a regulatory filing on Friday, The Wall Street Journal reported.
8. -- Google Ventures (GOOGL - Get Report) invested 20% less this year than last, even as the amount of capital it has earmarked for start-up investing has risen, CEO Bill Maris told the Financial Times. The number of companies it backed also fell, dropping to 34 from 57 in 2014.
"The amount of money trying to get into investments has caused prices to go up and negotiating leverage to move to the entrepreneurs," he said. "Capital has never been a constraint for us."
Signs that private market valuations were starting to fall in some cases made it likely that the pace of investments would pick up again next year, he told the FT.
9. -- Walmart's (WMT - Get Report) Puerto Rico operation is asking the federal court in San Juan to void what it calls an "onerous" and "unconstitutional" tax that unfairly targets the U.S. retail giant.
It said in court papers filed Friday that the increased levy on purchases from U.S.-based Walmart distribution centers by its island entities constitutes one of the world's highest taxes and pushes its effective tax rate to 91.5% of net income. The tax increase will cost Walmart $155 million over six years and make its Puerto Rico business unsustainable.Why Qualcomm Is Ready to Rally