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US stocks under pressure after world growth forecast cut

IN THE NEWS TODAY

U.S. stock futures were lower this morning, after the Dow, S&P 500, and Nasdaq put together their sixth consecutive positive week for the first time since late 2014. (CNBC)

With another week jam-packed with Fed-speakers, investors are trying to decide whether Friday's strong jobs report would push the central bank to increase interest rates in December. (CNBC)

In its latest twice-yearly economic outlook, the Organization for Economic Cooperation and Development today cut its 2015 forecast for global growth to around 2.9 percent. (CNBC)

Chinese stocks surged today, with the Shanghai composite hitting its highest level since Aug. 20, following the announcement by regulators there of a plan to resume IPOs by year-end. (CNBC)

Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom's economy by crude's plunge. (FT)

Plum Creek Timber (PCL) has agreed to be purchased by rival Weyerhaeuser (WY) in an $8.4 billion stock swap deal. The transaction still needs the approval of Plum Creek shareholders. (AP)

Match Group, parent of Match.com and Tinder, has set a range for its planned IPO: $12 to $14 a share for 33.3 million shares. Pricing at the top would raise more than $466 million. (AP)

Bonuses on Wall Street are expected to fall as much as 10 percent in 2015, according to a new report, the first year since 2011 that compensation for the industry as a whole is expected to drop. (NY Times)

DuPont (DD) has named Edward Breen chairman and CEO. He'd been serving in those roles on an interim basis since mid-October, following the departure of Ellen Kullman amid activist pressure. (Reuters)

Volkswagen plans to announce as early as today a new sales initiative in the U.S. to rebuild trust. Meanwhile, U.S. regulators are expanding on-the-road emissions tests. (IB Times & NY Times)

General Motors (GM) has the potential to provide a return of as much as 40 percent including dividends over the next year, according to Barron's article over the weekend.

Snapchat is closing the gap with Facebook (FB) in the battle for scale in video, saying daily video views on the disappearing messaging app tripled since May to 6 billion. (FT-subscription)

Pinterest plans to introduce technology today to let users search its site without using text. The new tool allows a user to highlight an object in a photo and do a visual search. (WSJ-subscription)

Apple (AAPL) defeated a U.S. class action lawsuit brought by Apple retail workers over bag search practices at the company's California brick-and-mortar outlets. (Reuters)

President Barack Obama and Israeli Prime Minister Benjamin Netanyahu seek to mend their fractured relationship, when they meet at the White House today, the first sit-down in more than a year. (AP)

GOP presidential candidate Ben Carson continued to defend his recollection of his past on NBC's "Meet the Press," as questions about his biographical discrepancies mount. (NBC News)

Donald Trump lifted NBC's "Saturday Night Live" to its best ratings in nearly four years this weekend but not the kind of record-breaking numbers he's helped draw to the Republican debates.

BY THE NUMBERS

There are no economic reports due today in what's going to be a relatively light week for data with the exception of Friday, when the latest retail sales and producer price index are released.

There are a handful of earnings reports this morning, including Dean Foods (DF), Dish Network (DISH), Priceline Group (PCLN), Sotheby's (BID), and Whitewave Foods (WWAV). International Flavors (IFF), Leapfrog (LF), Lions Gate Entertainment (LGF), and SunEdison (SUNE) release quarterly numbers after today's closing bell.

Berkshire Hathaway (BRK.A) reported better than expected earnings for the third quarter, with profit more than doubling. A drop in profit in Berkshire's core insurance business pressured results, but it was helped by gains stemming from the merger between H.J. Heinz and Kraft Foods.


STOCKS TO WATCH

Weight Watchers International (WTW) saw Point72 Asset Management take a 5.7 percent passive stake in the company, according to an SEC filing. Weight Watchers has gotten a boost in recent weeks following a major investment by Oprah Winfrey.

Marriott International (MAR) struck a joint venture with Alitrip, the online travel booking platform owned by Alibaba (BABA). The deal will let China-based travelers book Marriott hotels directly.

General Electric (GE) struck a deal to sell its Australian commercial-lending business to an affiliate of Bain Capital for a reported $1.34 billion.

Cisco (CSCO) announced a strategic partnership with Sweden's Ericsson (ERIC) that focuses on developing next-generation networks. The partnership could generate $1 billion for each partner by 2018.


WATERCOOLER

James Bond and Charlie Brown brought the box office roaring back to life, as "Spectre" and "The Peanuts Movie" attracted big crowds over their opening weekends. (Variety)