Market Poised for Mixed Open; Investors Wary

Stock index futures pointed to a slightly lower start to the week Monday as February shapes up to be a difficult month for investors.

Wall Street is casting a wary eye on sovereign debt issues abroad and economic numbers in the United States.

Though the focus on the economy remains, investors won't see much in the way of new data until Wednesday, when the latest trade balance figures are released.

A planned mega-merger between Japanese beverage makers Kirin and Suntoryhas been called off after months of talks. The two had unveiled a merger plan last July that would have created a company with annual revenue of about $43 billion.

Among stocks to watch Monday:

Motorola shares gained 2 percent in premarket trading after Barron's said the telecom could gain 40 percent if it spins off its cellphone division.

New reports say Toyotawill announce a global Prius recall on Tuesday, to fix braking problems in the third-generation version of its best-selling hybrid. Reports of such a recall first surfaced last week. Toyota shares lost about 1 percent premarket.

AIG shares edged lower after CEO Robert Benmosche said he envisions a smaller company in the future as it sells many of its units to repay government bailout funds. has resumed selling hardcover books from publisher Macmillan, but not the company's e-books. Neither side will comment, but analysts see the resumption of hardcover sales as a sign that the dispute over e-book pricing may be closer to resolution.

Reports say Walt Disney is leading a consortium that's in talks to buy a stake in China's largest digital ad company, and that Google is among the investors in the group.

In related news, Lionsgate , a unit of Lions Gate Entertainment, is looking to buy Disney's Miramax unit, according to the New York Post.

Former Merrill Lynch Chairman/CEO John Thain has been named chairman and CEO ofCIT Group , replacing interim CEO Peter Tobin.

Corporate earnings reports remain plentiful this week, including reports this morning from CVS Caremark , Hasbro , Loews , Lorillard , and Nasdaq OMX . The most prominent after-the-bell earnings report today comes from Electronic Arts, the biggest maker of video games.

- Written by Peter Schacknow, Senior Producer, CNBC Breaking News Desk.