* US Airways and American approve merger
* Cisco shares slip alongside its revenue from Europe
* Nvidia outlook disappoints, shares fall
* Futures off: Dow 62 pts, S&P 6 pts, Nasdaq 11 pts
NEW YORK, Feb 14 U.S. stock index futures fell
on Thursday, in the wake of weaker-than-expected growth data
from Europe and Japan and a disappointing outlook from
technology bellwether Cisco Systems.
* The French and German economies shrank more than expected
in the fourth quarter of 2012, data showed, and a 0.6 percent
contraction in the euro zone was the steepest for the bloc since
the first quarter of 2009.
* Japan's GDP shrank 0.1 percent in the fourth quarter,
crushing expectations of a modest return to growth and adding
weight to the new government's push for radical policy steps to
* The S&P 500 is up 6.6 percent so far this year and trading
has been thin over the past few sessions. Though weakness in
Europe has persisted over recent quarters, the underwhelming GDP
data, which could impact global growth and U.S. corporate
profits, may trigger a round of profit-taking.
* Shares of Cisco Systems fell 2 percent in
premarket trading a day after it reported a 5 percent drop in
revenue from Europe and its chief executive said business there
* S&P 500 futures fell 6 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 62
points, and Nasdaq 100 futures lost 11 points.
* American Airlines and US Airways Group said they
plan to merge in a deal that will form the world's biggest air
carrier, with an equity valuation of about $11 billion. US
Airways shares edged up 0.6 percent in premarket trading.
* Nvidia shares fell 2.6 percent in premarket
trading after the chip maker's revenue outlook missed
expectations on Wednesday, pointing to a slowing PC industry and
slower production of tablets using its chips.
* On the other hand, shares of the world's largest chip gear
maker Applied Materials rose Wednesday after the
closing bell following a better-than-expected earnings report
* Best Buy shares fell 3.5 percent in premarket
trading; sources said on Wednesday its founder, Richard Schulze,
may scrap a buyout bid and instead, line up investors to take a
minority position in the electronics retailer.