Earnings Announcements
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Korean Air Lines, South Korea's top air carrier, reported on Thursday its first quarterly operating loss in five years, hit by higher oil prices and slowing demand.
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European shares dropped on Wednesday as fresh concern about the impact of the credit crunch on the banking sector hit financial shares, while a late spike in the oil price rekindled worries about inflation.
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Deere, the world's largest maker of farm machinery, reported lower-than-expected sales and profits in the latest quarter and said raw material costs would hurt profits in the fourth quarter, sending shares down almost 9 percent in pre-market trading.
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Macy's reported a slightly lower quarterly profit Wednesday, saying it outperformed its major competitors despite economic pressures.
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Toll Brothers said quarterly home-building revenue dropped about 34 percent, less sharply than analysts were expecting, but it did not provide an earnings outlook because of the current state of the market.
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European financial groups ING and Zurich Financial Services reported quarterly profits that met or exceeded expectations on Wednesday, helped by strong insurance businesses and limited investment writedowns.
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Graphics chip maker Nvidia posted a second-quarter loss on Tuesday as a slump in global desktop PC sales hurt its business.
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Applied Materials, the No. 1 computer-chip equipment maker, posted a lower quarterly profit as revenue slid 28 percent amid a slump in its industry.
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Minneapolis Fed President Gary Stern told CNBC that the decline in energy prices has slowed inflation, allowing the Fed "to be patient" on whether to boost  interest rates
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Goldman Sachs was downgraded to "hold" from "buy" by Deutsche Bank analyst Mike Mayo, who said the largest U.S. securities firm was not immune to capital market pressures, especially given its exposure to weaker European growth.
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European shares ended with losses on Tuesday as the region's financial stocks suffered following further writedowns from the third-largest U.S. bank JPMorgan.
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FRANKFURT, Dec 14- Royal Dutch Shell considered making a bid for rival BP in the past two years, Frankfurter Allgemeine Zeitung said in an advance copy of its Saturday edition. Chief Executive Peter Voser told the newspaper, "I can't imagine that there is anybody in our industry who did not look into this scenario.