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Nov. 4 Premarket Briefing: 10 Things You Should Know

Tickers in this article: BBRY BRK.A EBAY HBC K LULU

NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, Nov. 4:

1.-- U.S. stock futures were indicating Wall Street would open higher Monday but Asian stocks declined on fears the Federal Reserve will soon reduce the stimulus measures that have propped up the U.S. economy.

Hong Kong's Hang Seng index declined 0.3% while the Kospi in Seoul fell 0.7%. 

Stocks in Europe were higher in early trading Monday.

2.-- The  economic calendar  in the U.S. Monday includes factory orders for August and September at 10 a.m. EST.

3.--U.S. stocks on Friday finished higher amid signs of strength in U.S. and Chinese manufacturing.

The S&P 500 rose 0.29% to 1,761.65 while the Dow Jones Industrial Average added 0.45% to 15,615.55. The Nasdaq increased 0.06% to 3,922.04.

4.-- BlackBerry's future may become clearer as soon as Monday when a tentative agreement from Canadian insurer Fairfax Financial  to take BlackBerry private for $4.7 billion is scheduled to be firmed up, The Wall Street Journal reported.

Bids from any other parties are due on Monday as well, and it's possible the deadline could be extended, according to the Journal.

BlackBerry kicked off a sales process in August.

A potential bidding group, including the smartphone maker's co-founders, has been pursuing a bid for BlackBerry, the Journal reported, citing people familiar with the matter. Cerberus Capital Management and Qualcomm have been talking with BlackBerry co-founders Mike Lazaridis and Doug Fregin about mounting a joint bid.

5. -- HSBC , Europe's largest bank, said profit for the nine months through September rose 23% from last year to $13.5 billion on cost cuts and stable revenue.

CEO Stuart Gulliver said the bank made further progress toward simplifying and restructuring, particularly with the recent sale of its Panama business.

HSBC's third-quarter pretax profit rose 30% to $4.53 billion from $3.48 billion a year earlier.

6.-- eBay is preparing to expand the range of digital currencies it accepts and said that its payments unit PayPal may one day incorporate Bitcoin, according to a report in The Financial Times .

"Digital currency is going to be a very powerful thing," CEO John Donahoe told the FT in an interview.
loyalty cards."

7.-- Berkshire Hathaway , Warren's Buffet's company, said third-quarter profit rose 29% to $5.05 billion, or $3,074 per Class A share, up from year-earlier profit of $3.92 billion, or $2,373 per Class A share.

Revenue in the quarter rose 13% to $46.5 billion.

Berkshire Hathaway said earnings in the quarter were boosted by sales and investments it made during the financial crisis.

8. -- Cereal maker Kellogg is expected by Wall Street on Monday to report third-quarter earnings of 89 cents a share on revenue of $3.71 billion.