* Suntory Holdings to acquire Beam for $83.50 per share
* Lululemon falls after outlook
* Futures off: Dow 27 pts, S&P 6.2 pts, Nasdaq 11.25 pts
By Chuck Mikolajczak
NEW YORK, Jan 13 U.S. stock index futures
declined on Monday, as investors prepared to assess a quarterly
earnings season that will pick up steam this week.
* Earnings are expected from 29 companies in the S&P 500
this week, including banks such as Morgan Stanley,
Citigroup Inc, Goldman Sachs and JPMorgan Chase &
* Results are also due from companies including First
Horizon National Corp, M&T Bank Corp, People's
United Financial Inc and Charles Schwab Corp.
* According to Thomson Reuters data, fourth-quarter earnings
are expected to grow 7.3 percent over the year-ago period.
However, the 9.8 ratio of negative guidance to positive outlooks
is currently the largest on record.
* S&P 500 futures fell 6.2 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 lost 27
points and Nasdaq 100 futures declines 11.25 points.
* Equities have started 2014 on a lackluster note, dipping
0.3 percent through the first seven trading sessions as market
participants try to gauge the pace of the winding down of
market-friendly economic stimulus by the Federal Reserve.
* Lululemon Athletica Inc lost 7.7 percent to $55
before the opening bell after the yogawear retailer cut its
forecast for the fourth-quarter due to weak sales in January.
* British engineering firm Amec said it had
provisionally agreed to buy Foster Wheeler in a cash
and share deal that values the Swiss-based engineer at 1.9
billion pounds ($3.13 billion).
* Beam Inc jumped 23.3 percent to $82.56 in light
premarket trading after the company agreed to be acquired by
Suntory Holdings Limited for $83.50 per share.
* Intercept Pharmaceuticals Inc tumbled 26.7
percent in premarket trading. The stock jumped over 500 percent
last week after its liver disease drug met the main goal in a
* European stocks rose in early trade, adding to last week's
gains, led by a rally in banking stocks, after regulators agreed
to ease the way in which a leverage ratio is compiled to avoid
squeezing financing for the global economy.
* Asian shares were mostly firmer in the wake of
surprisingly weak U.S. jobs numbers that added to the case for
the Federal Reserve to keep rates low for longer.