* Obama to meet with CEOs from Goldman, Deloitte
* Costco to pay $7 special dividend on Dec 18
* EU approves Spain bank restructuring, opens door to aid
* Futures off: S&P 4.2 pts, Dow 30 pts, Nasdaq 6.25 pts
By Angela Moon
NEW YORK, Nov 28 U.S. stock index futures fell
on Wednesday as investors grew more concerned about the lack of
progress in U.S. budget talks to avoid looming spending cuts and
tax hikes, setting the S&P 500 up for a third consecutive day of
decline this week.
* Chief executives from top U.S. corporations, including
Goldman Sachs, Deloitte LLP, and Caterpillar Inc,
will meet with President Barack Obama on Wednesday to discuss
U.S. fiscal problems, the White House said.
* Obama's meeting with influential leaders from the
corporate world is part of his push for Congress to extend tax
cuts for middle income Americans, one flashpoint in a standoff
with Congress over a series of tax hikes and spending cuts that
will go into effect next year if lawmakers and the president
cannot come up with a deal to stop them.
* U.S. stocks slid on Tuesday in a choppy session, losing
ground in the last hour before the close after Senate Majority
Leader Harry Reid expressed disappointment that there has been
"little progress" in dealing with the "fiscal cliff."
* S&P 500 futures were down 4.2 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures fell 30
points, while Nasdaq 100 futures were up 6.25 points.
* Deep divisions at the Federal Reserve were on display on
Tuesday, just two weeks before the U.S. central bank's next
policy-setting meeting, with one top Fed official pushing for
more easing, and another advocating limits. The
Fed will release its Beige Book summary of regional economic
conditions at 2 p.m. (1900 GMT).
* New home sales data is due at 10 a.m. Economists in a
Reuters survey forecast a reading of 390,000 for October versus
the previous reading of 389,000.
* U.S. retailer Costco Wholesale Corp is to pay a
special dividend of $7.00, worth a total $3.0 billion to
investors, it said when posting monthly same-store sales that
* Microsoft Corp has sold 40 million Windows 8
licenses in the month since the launch, according to one of the
new co-heads of the Windows unit, setting a faster pace than
Windows 7 three years ago.
* Green Mountain Coffee Roasters Inc forecast
quarterly and full year earnings well above analysts'
expectations, helped by an expanded lineup of single-serve
coffee makers and drinks, sending its shares up 22 percent in
* Advanced Micro Devices Inc plans to sell and lease
back its campus in Austin, Texas, to raise cash and fund its
chipmaking business as it diversifies beyond the struggling PC
industry into new markets.
* Nokia said on Wednesday that an arbitrator has
ruled in its favour in a patent dispute with BlackBerry-maker
Research In Motion over use of Nokia's patents related
to wireless local access network technology.
* The European Commission gave the go ahead for Spain to
overhaul its stricken nationalized banks on Wednesday and opened
the door for nearly 40 billion euros in euro zone aid to be
disbursed, offering hope for an end to Spain's banking crisis.