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Futures Higher After Greek Bailout Deal

US stock index futures were indicating a higher open for Wall Street Monday, after Greece was offered a bailout package of more than $145 billion by the European Union and the IMF.

The Gulf of Mexico oil spill continued to spread, with cleanup costs likely to exceed $14 billion. Energy giant BP, the owner of the well that is the source of the leak, will be on the hook for as much as $7 billion, analysts say.

Investors continued to worry about the financial impact to BP, sending the company's shares down another 2 percent in premarket trading. The stock dropped more than 12 percent last week.

United Airlines Parent UAL and Continental Airlines have made their merger official in a stock swap deal.

Berkshire Hathaway's Warren Buffett defended Goldman Sachs during the company's annual meeting at the weekend, saying the bank's behavior does not warrant public fury.

Buffett also presented an upbeat outlook for the U.S. economy, among a number of other comments.

Goldman shares tumbled 9.4 percent Friday, leading an aggressive market selloff, but rebounded off the positive weekend comments and were up 1.4 percent in premarket trading.

European stocks were lower, with investors doubting whether the Balkan country will be able to implement tough measures agreed to under the program, while Asian stocks also closed down.

March personal income and consumer spending figures are due to be released at 8:30 am New York time. Economists are looking for rises of 0.3 percent and 0.6 percent respectively.

April auto sales will be released during the day, with General Motors the first up at 10:45am.

At 10am, the Institute For Supply Management issues its monthly manufacturing index, forecast to come in at 60.1 compared to the March reading of 59.6.

Also at 10am ET, the government's March construction spending report is expected to show a drop of 0.5 percent compared to February's 1.3 percent drop.

Clorox, Loews, and Sysco are due to report earnings before the bell.

The Wall Street Journal reports that General Growth Properties is favoring the bankruptcy recovery plan put forth by Brookfield Asset Management rather than a competing offer from Simon Property Group.