PARIS (Reuters) � Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.35 percent, Dow Jones futures down 0.27 percent and Nasdaq 100 futures down 0.01 percent at 0930 GMT (5:30 a.m. EDT).
The Federal Reserve will have decide in coming weeks whether it should do more to support an economy that has slowed significantly and faces some risk of deflation, a top official of the U.S. central bank said on Tuesday.
Dennis Lockhart, president of the Atlanta Federal Reserve Bank, maintained that deflation was not the most likely outcome, but still suggested the risk was not negligible.
Hewlett-Packard Co (HPQ.N), reassuring investors worried about growth after the surprise departure of ex-CEO Mark Hurd, forecast 2011 results that surpassed Wall Street expectations and propped up its shares in extended trading.
Campbell Soup Co (CPB.N) said on Tuesday that Chief Executive Douglas Conant would step down next summer after more than a decade leading the world's largest soup maker.
Boeing Co (BA.N) has finalized a $5.3 billion four-year agreement with the U.S. Navy to build 124 F/A-18 fighter jets and electronic attack planes, a deal that will generate savings of over $600 million.
PAR Capital Management, one of Dollar Thrifty Group's (DTG.N) top shareholders, plans to vote against the car rental company's deal to be bought by Hertz Global Holdings Inc (HTZ.N), PAR's president told the Wall Street Journal on Tuesday. PAR owns about 7.7 percent of Dollar Thrifty, the report said.
Google Inc (GOOG.O) expects mobile searches to generate most of its revenue eventually, but it could take a long time despite growing at a rapid clip, Chief Executive Eric Schmidt said on Tuesday.
British Airways (BAY.L), American Airlines and Spanish carrier Iberia (IBLA.MC) have signed off on a long-awaited strategic alliance that will see them cooperate on flights between Europe and North America.
Oil rose on Wednesday, supported by a weaker dollar, strong Chinese manufacturing data and a fall in U.S. crude and winter fuel stocks, easing a surplus that has weighed on the market for months.
European stocks were down 0.6 percent in morning trade, led lower by banking shares such as Deutsche Bank (DBKGn.DE) and Societe Generale (SOGN.PA) on renewed concerns over the health of the sector, while shares of fashion retailer H&M (HMb.ST) tumbled 6 percent after surprisingly weak margins for the third quarter rattled investors. (.EU)
Companies expected to report quarterly results on Wednesday include Family Dollar (FDO.N), while the macro front will be quiet, with only the weekly mortgage market index expected on Wednesday.
JPMorgan Chase & Co (JPM.N) plans to triple its private banking assets in Asia over the next five years, a company spokesman confirmed on Tuesday.
Shares of Green Mountain (GMCR.O) fell 10.5 percent to $33.01 in extended trading on Tuesday on news that the SEC has informed it was conducting an inquiry on the company.
U.S. stocks rose on Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month.
The Dow Jones industrial average (.DJI) gained 46.10 points, or 0.43 percent, to end at 10,858.14. The Standard & Poor's 500 Index (.SPX) rose 5.54 points, or 0.49 percent, to 1,147.70. The Nasdaq Composite Index (.IXIC) advanced 9.82 points, or 0.41 percent, to 2,379.59.
(Reporting by Blaise Robinson; Editing by Hans Peters)
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