April 7 Premarket Briefing: 10 Things You Should Know

Tickers in this article: BLK DIS YHOO ZEP

Updated from 6:53 a.m. EDT

Here are 10 things you should know for Monday, April 7:    

1.-- U.S. stock futures were lower and European and Asian shares fell amid a selloff in technology stocks that started on Wall Street last week.

Japan's Nikkei 225 declined 1.7%.

2.-- The  economic calendar  in the U.S. on Monday includes Consumer Credit for February at 3 p.m. EDT.

3.-- U.S. stocks  on Friday closed lower Friday and  technology stocks tumbled as investors took profits after a week when the  S&P 500  hit new records. The monthly U.S. jobs report showed signs that the labor market was beginning to shake off the effects of the winter chill.

The  Dow Jones Industrial Average  fell 0.94% to close at 16,417.59, while the  S&P 500  shed 1.25% to 1,865.09. The  Nasdaq declined 2.6% to finish at 4,127.73.

4. -- India's Sun Pharmaceutical Industries  agreed to buy generic drugmaker Ranbaxy Laboratories in a $4 billion deal, creating India's biggest pharmaceutical firm, with annual revenue estimated at $4.2 billion.

Ranbaxy is the leading drugmaker in India's $26 billion generic pharmaceutical industry, but it has faced penalties from U.S. regulators for years. The U.S. has banned imports of drugs from two of its factories because of concerns about quality control.

5. -- BlackRock  is reorganizing its senior management ranks as the world's largest money manager works toward an eventual succession plan for Larry Fink, its CEO and co-founder. BlackRock, which manages $4.3 trillion in assets, is shifting at least 10 senior executives into new or expanded roles, Reuters reported, citing an internal memo the news agency saw.

Fink and BlackRock President Rob Kapito will maintain their current roles. 

Among those moving into new roles are Rob Goldstein, a 20-year BlackRock veteran, who will be taking on the role of chief operating officer from Charlie Hallac, a longtime veteran of the company who has been battling colon cancer and will be stepping out of his role to become co-president of BlackRock. They will assume their new roles June 1, Reuters reported.

BlackRock shares fell 12 cents in premarket trading on Monday.

6. -- Two of the world's largest suppliers of building materials, Swiss-based Holcim and its French counterpart,  Lafarge, announced plans on Monday for a "merger of equals."

The combination would create an industry giant with 32 billion euros ($44 billion) in annual revenue.

The new company would be named LafargeHolcim and be headquartered in Switzerland. The two companies are global leaders in the supply of cement, crushed stone, sand and gravel.

7. -- Yahoo!   is raising its ambitions in online video , with plans to acquire the kind of original programming that typically winds up on high-end cable-TV networks and streaming services like  Netflix  , The Wall Street Journal reported, citing pe ople briefed on the company's plans.