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Here are 10 things you should know for Tuesday, July 12:
1. -- U.S. stock futures were pointing to a higher start for Wall Street on Tuesday following a record close for the S&P 500, European stocks gained and Asian shares surged as investors awaited further stimulus from Japan.
In Tokyo, the Nikkei 225 index jumped 2.46%. The gains came as markets awaited details of Japanese Prime Minister Shinzo Abe's fiscal stimulus package. Finance Minister Taro Aso told reporters Tuesday that he will make decisions on how the plan will be financed once the details are in place. Aso didn't provide specifics on the size or timing of the stimulus package.
Oil prices in the U.S. early Tuesday rose 1.8% to $45.58 a barrel. Crude oil fell 1.4% on Monday.
2. -- The economic calendar in the U.S. Tuesday includes Wholesale Inventories for May at 10 a.m. EDT.
3. -- U.S. stocks on Monday rose and the S&P 500 closed at a record high as investors awaited the start of second-quarter earnings season.
The S&P 500 gained 0.34%, closing at 2,137. The Dow Jones Industrial Average added 0.44% to 18,227, its highest level in 13 months. The Nasdaq climbed 0.64% to 4,989, but eclipsed 5,000 earlier in the session.
Stocks were getting a continued boost from the better-than-expected U.S. jobs report for June, which was released on Friday.
4. -- The Securities and Exchange Commission reportedly has opened an investigation into Tesla Motors (TSLA) over the automaker's failure to disclose a fatal accident that occurred in one of its automobiles prior to a secondary stock offering.
A Tesla Model S vehicle operating with its autopilot feature engaged crashed in early May while operating in Florida, killing the driver. The company, which raised $1.4 billion in a secondary offering in June, notified regulators of the crash soon after but didn't disclose it to investors until July 1 when the National Highway Traffic Safety Administration announced a preliminary investigation into the accident.
The investigation was first reported by Dow Jones. Shares of Tesla, which traded up 3.69% on Monday, fell in after-hours trading and were down 0.4% in premarket trading on Tuesday.
Tesla said in a statement it hasn't received any communication from the SEC regarding the issue. The SEC had no immediate comment.
Xerox, which plans to separate into two companies by the end of the year, would acquire R.R. Donnelley and merge some of it with its copier, printer and related-services business and the rest with its smaller business process outsourcing services, said the people.
The talks are at an early stage, one of the people told the Chicago Tribune. A deal could be announced before Xerox's split is completed, another person said.
R.R. Donnelley, owner of the Edgar financial-statement wire service, announced it planned to split into three publicly traded companies last year. A deal with Xerox would negate that plan, the people told the Chicago Tribune.
The aluminum company reported adjusted earnings of 15 cents a share, exceeding analysts' expectations of 9 cents. Revenue dropped 10% to $5.3 billion year over year but came in higher than Wall Street's projections of $5.2 billion.
Alcoa is expected to split into two publicly traded companies. The separation remains on track for later this year.
The eye solution is indicated for the treatment of dry eye signs and symptoms in adults. It is the only prescription eye drop to be indicated for both the signs and symptoms of dry eyes in the U.S.
Dublin-based based Shire expects to launch the drug in the third quarter of 2016. It's the company's first FDA-approved medication in eye care.
"We have a robust ophthalmics pipeline, and we look forward to leveraging Xiidra as our entree into the space as we continue to develop additional innovative eye care treatment options," said Shire CEO Flemming Ornskov in a statement.
8. -- Facebook (FB) signed a deal to use Microsoft's (MSFT) online email and other software, even as it develops its own workplace communication and collaboration service, The Wall Street Journal reported.
Facebook will announce plans Tuesday to use Microsoft's Office 365, the Web-based version of the software giant's suite of workplace productivity programs. Facebook previously used the on-premises versions, the Journal said.
The social network's 13,000 employees will tap some portions of Office 365, including its email and calendar. But they won't have access to Yammer, Microsoft's workplace social network, or Skype for Business, for messaging and videoconferencing, which directly compete with Facebook's own services, according to the Journal.
Last year's event was kicked off to celebrate the company's 20th birthday and Amazon has claimed more sales on Prime Day than Black Friday. Amazon expects this year's Prime Day to be bigger than last year.