Here are 10 things you should know for Wednesday, April 20:
1. -- U.S. stock futures suggested Wall Street would open lower on Wednesday, and European stocks slipped as oil prices turned lower.
Oil prices fell as the end of a three-day strike by oil and gas workers in Kuwait signaled a ramp-up of production. Oil prices in the U.S. fell 2.3% to $40.13 a barrel.
Asian markets finished the session mixed.
2. -- The economic calendar in the U.S. on Wednesday includes Existing Home Sales for March at 10 a.m. EDT, and Crude Inventories for the week ended April 16 at 10 a.m.
The S&P 500 rose 0.31%, while the Nasdaq fell 0.40%. The Dow Jones Industrial Average, which rose above 18,000 for the first time since mid-2015 on Monday, gained 0.27%.
4. -- Yahoo! (YHOO) reported first-quarter earnings that exceeded Wall Street expectations, while CEO Marissa Mayer addressed "noise" and "misconceptions" about the company's strategic review and a potential sale of its core businesses.
Mayer maintained the review was the "top priority" for Yahoo!'s board and executive leadership.
"Management participates in daily calls and meetings, often several per day, with the strategic review committee," Mayer said. Yahoo! has a "well-defined, aggressive calendar" for the review, she said, though management would not outline benchmarks or dates.
Yahoo! reported $1.09 billion in first-quarter revenue, topping Wall Street estimates of $1.08 billion. A year earlier, revenue was $1.226 billion.
Ebitda for the period was $147 million, exceeding forecasts of $115 million. Earnings of 8 cents a share were a penny above forecasts but well below 15 cents a share in the first quarter of 2015.
The chipmaker made the announcement Tuesday as it reported lower-than-expected sales for the first quarter.
Intel, which has long been the world's leading maker of PC chips, is now trying to expand into other types of computing.
"It's time to make this transition," CEO Brian Krzanich told analysts. While calling the job cuts "difficult," he said they would help the company sharpen its focus in new areas.
The latest cuts follow an earlier reduction of about 5,000 jobs announced by Intel in 2014, and analysts told the Asociated Press they may not be the last.
"These companies are so big that it takes time" -- and sometimes multiple rounds of restructuring -- to change direction, said Patrick Moorhead, a longtime industry expert at Moor Insights & Strategy.
6. -- Mitsubishi Motors (MMTOF) said Wednesday it found evidence its employees intentionally falsified fuel mileage test data for several models of vehicles.
The Tokyo-based automaker said the inaccurate tests involved 157,000 of its own-brand eK wagon and eK Space light passenger cars, and 468,000 Dayz Roox vehicles produced for Nissan.
The problem was found after Nissan pointed out inconsistencies in data, the company said. Mitsubishi conducted an internal probe and found that tire pressure data was falsified to make mileage appear better than it actually was.
"The wrongdoing was intentional. It is clear the falsification was done to make the mileage look better. But why they would resort to fraud to do this is still unclear," company President Tetsuro Aikawa told reporters.
The move is aimed at placating a key complaint of activists, PAR Capital Management and Altimeter Capital Management, that the airline doesn't have enough board directors with expertise in airlines. The two hedge funds own 7.1% of United.
Robert Milton, Air Canada's former CEO who was one of three people to join United's board last month, will be appointed non-executive chairman at the company's annual meeting in June, the people told Reuters. He would replace retired financial services executive Henry Meyer, the people said.
A McDonald's spokeswoman told TheStreet the company has started testing a "Grand Mac" and "Mac Jr." in more than 120 restaurants in the central Ohio and the Dallas areas.
The Grand Mac, which will cost $4.89, is made with two 1/6-pound beef patties on a larger sesame seed bun, compared to a traditional Big Mac, which has two 1.6 ounce beef patties. The Mac Jr. is a essentially a single-layer Big Mac that will go for about $2.39 and $2.59, depending on location.
The cloud computing company posted revenue of $1.59 billion in the period, also surpassing Wall Street forecasts.
VMware adjusted profit in the current quarter will range from 94 cents to 97 cents a share on sales of $1.66 billion to $1.71 billion.
10. -- Earnings are expected Wednesday from American Express (AXP - Get Report) , Coca-Cola (KO - Get Report) , Yum! Brands (YUM - Get Report) , Qualcomm (QCOM - Get Report) , Abbott Laboratories (ABT - Get Report) and Kinder Morgan (KMI - Get Report) .