* Futures for the Dow Jones industrial average DJc1, the
S&P 500 SPc1 and the Nasdaq 100 NDc1 fell 0.02 to 0.2
percent, pointing to a weaker start on Wall Street on Tuesday.
* Kraft Foods Inc KFT.N sweetened its 10.2 billion pounds
($16.4 billion) offer for Britain's Cadbury Plc CBRY.L with
cash from a deal to sell its North American pizza unit to Swiss
food giant Nestle NESN.VX. [ID:nLDE6040C0]
* Nestle said it had no intention to bid for the British
confectioner ending speculation about one potential rival bidder
[ID:nLDE60405M]. Cadbury has so far rejected Kraft's attentions
describing the latest bid on Tuesday as derisory.
* Kraft said it would use the full net proceeds of the $3.7
billion pizza business sale to fund a partial cash alternative
to Cadbury shareholders, raising the cash portion of the deal by
60 pence a share, but keeping the overall size of the offer
unchanged. Kraft shares in Frankfurt (KFT.F) were up 0.4
* ICSC/Goldman Sachs release at 1245 GMT chain store sales
for the week ended Jan. 2 versus the prior week. In the previous
week, sales rose 0.4 percent.
* Credit Suisse Group AG CSGN.VX has been sued by property
owners in four luxury ski and golf resorts, alleging the Swiss
bank concocted a loan scheme to defraud them and ultimately take
over the properties. [ID:nN04233582]
* At 1355 GMT, Redbook releases its Retail Sales Index of
department and chain store sales for December versus November.
In the prior period, sales fell 4.5 percent.
* Commerce Department releases at 1500 GMT November factory
orders. Economists in a Reuters survey expect a rise of 0.5
percent compared with a 0.6 percent rise in the prior month.
* Google Inc (GOOG.O) is expected to unveil its highly
anticipated Nexus One smartphone on Tuesday, marking a first
foray into an increasingly crowded market that could shape the
future of the company's advertising business.
* Apple Inc (AAPL.O) is set to announce a new tablet device
later this month, the Wall Street Journal reported on Monday, as
anticipation builds about what could be the company's biggest
product launch since the iPhone. [ID:nN04250043]
* The world's top mobile phone maker, Nokia NOK1V.HE, has
launched another court case against Apple for alleged patent
violations, in an increasingly fierce legal battle between the
two leaders of the smartphone market. [ID:nLDE6040E9]
* Apple is set to announce it has acquired mobile
advertising company Quattro Wireless for $275 million, the Wall
Street Journal-affiliated blog All Things Digital reported late
Monday. An announcement could come as early as Tuesday, said the
report, which cited unnamed sources.
* At 1500 GMT, National Association of Realtors issues
Pending Home Sales for November. Economists in a Reuters survey
expect a 2.0 percent decline compared with a 3.7 percent rise in
the previous month.
* An independent committee of directors of eye care firm
Alcon ACL.N is disappointed with a takeover bid from Novartis
NOVN.VX, saying the Swiss drugmaker is trying to circumvent
protections for minority shareholders. [ID:nLDE6040CX]
* U.S. automakers release December auto sales. Economists in
a Reuters survey expect median annualized sales of 3.90 million
cars and 4.45 million trucks. In November, the figures were 3.87
million cars and 4.44 million trucks.
* China's yuan is facing a new round of appreciation
pressure and expectations of a stronger currency will attract
speculative capital inflows, complicating liquidity management,
a senior official said in comments published on Tuesday.
* Oil edged up towards $82 a barrel, rising for the ninth
straight session, as cold snaps in key consumers the United
States and Europe boosted demand for heating fuel.
* U.S. stocks climbed broadly on Monday after a report
showed the manufacturing sector expanded for a fifth straight
month, lifting confidence in the global economy as investors eye
fourth quarter earnings.
* The rally, which marked the first trading day of 2010,
drove both the Dow and the S&P 500 to their highest closes in 15
months, while the Nasdaq ended at a 16-month high.
* European shares dipped in early trade on Tuesday,
retreating from a 15-month high as investors booked a small
portion of recent lofty gains ahead of key U.S. macro data.
Japan's Nikkei average hit a 15-month closing high on Tuesday.
(Reporting by Atul Prakash; Editing by Mike Nesbit)