Aug. 25 Premarket Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, Aug. 25:
1. -- U.S. stock futures rose Monday following European stocks higher after European Central Bank President Mario Draghi signaled late on Friday that central bankers were prepared to tweak monetary policy if needed.
Asian stocks ended Monday's session mostly higher.
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2. -- The economic calendar in the U.S. on Monday includes new home sales for July at 10 a.m. EDT.
3. -- U.S. stocks on Friday finished flat on Friday but settled higher for the week.
The markets got what they were looking for in a speech from Federal Reserve Chief Janet Yellen on Friday - she stuck to the script on U.S. labor slack and her dovish outlook.
The Dow Jones Industrial Average declined 0.22% on Friday to 17,001.22. The S&P 500 fell 0.2% to 1,988.40. The Nasdaq rose 0.14% to 4,538.55.
4. -- Burger King
The two fast-food companies announced Sunday that Burger King majority owner 3G Capital would continue to own the majority of shares of the new company, with the remainder held by shareholders of Tim Hortons and Burger King.
The two companies would continue to operate as separate brands but would share corporate services.
The Wall Street Journal first reported the news and said there's no guarantee a deal will happen.
A combined Burger King and Tim Hortons would have 18,000 restaurants in 100 countries with about $22 billion in sales. The companies said that would make it the world's third-largest fast-food restaurant company.
5. -- Roche
The all-cash deal values InterMune at $74 a share, or a 38% premium to Friday's closing stock price . Roche said the acquisition will be neutral to 2015 earnings and accretive in 2016.
InterMune's Esbriet is approved in Europe and is expected to be approved in the U.S. by Nov. 23 , based on the positive results of a phase III study .
6. -- Goldman Sachs
The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with Goldman, the Wall Street brokerage.
Goldman sold the securities to the companies between 2005 and 2007.
7. -- McDonald's