* U.S. stock index futures pointed to a higher open on Wall
Street on Tuesday, with futures for the S&P 500up 0.8
percent, Dow Jonesfutures 0.8 percent higher, and Nasdaq
100up 1.1 percent at 0903 GMT.
* The U.S. Chicago PMI for March is due at 1345 GMT with
economists in a Reuters survey forecasting a reading of 34.5 in
the month compared with 35.2 in February.
* U.S. consumer confidence due out at 1400 GMT is expected
to have edged up in March from the record low hit in February.
Economists in a Reuters survey expect a reading of 28.0 compared
with 25.0 in February.
* Bookseller Bordersposts quarterly results.
Analysts expect the company to earn 95 cents a share, excluding
items, down from $1.44 a year earlier, according to Reuters
Estimates.
* No. 2 U.S. homebuilder Lennar Corpreports fiscal
first-quarter results. Analysts, on average, expect a deeper net
loss as the company scrambles to sell off inventory in the face
of a prolonged U.S. recession. They expect the company to post a
loss of 69 cents.
* Shares in American Electric Powerfell 4 percent
in extended trade after the company cut its guidance to below
Wall Street estimates and scaled back capital spending plans for
next year.
* The Wall Street Journal reported Googleis
expected to announce more detail about its highly anticipated
venture-capital fund, including its plan to commit roughly $100
million to the endeavor in its first year, said people familar
with the matter.
* Goldman Sachsbanker Byron Trott, one of Warren
Buffett's main deal makers, is leaving to start his own
merchant-banking firm, according to people familiar with the
matter, and Buffett's Berkshire Hathawayplans to
invest in the entity, reported the Wall Street Journal.
* The Wall Street Journal said Eli Lilly & CoChief
Executive John Lechleiter said the drug maker is looking for
acquisitions of as much as $15 billion now it has digested
ImClone Systems.
* U.S. stocks tumbled on Monday as two major U.S. automakers
took a step closer to potential bankruptcy, and a spate of
European bank rescues heightened concerns over the financial
system's health, putting the brakes on a recent run-up.
* On Monday, the Dow Jones industrial average <.DJI> lost
3.27 percent, the Standard & Poor's 500 Index <.SPX> tumbled
3.48 percent and the Nasdaq Composite Index <.IXIC> fell 2.81
percent.
* Japan's Nikkei stock average fell 1.5 percent on Tuesday,
with banks and insurers down, but the mood was more optimistic
in Europe, where the FTSEurofirst 300 <.FTEU3> index of top
European shares was up 1.3 percent in a broad rally.
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