2. Market movers
Shares in the global bank Standard Chartered are dropping by about 7% in London after announcing Tuesday that it is cutting 15,000 jobs after posting a surprise loss in the third quarter.
The bank is asking investors for another $5.1 billion that it plans to spend on technology infrastructure and other strategic opportunities.
Shares in Activision (ATVI, Tech30) are rising almost 3% in premarket after it announced it is buying Candy Crush maker King Digital (KING) for $5.9 billion.
Activision is best known for producing traditional video games like Guitar Hero and Call of Duty. Shares in King surged Monday as investors anticipated a takeover.
UBS (UBS) shares are down about 4% in Europe after the Swiss bank posted its latest earnings. Third quarter numbers beat expectations but the Swiss bank said it expected a key measure of profitability to be weaker next year than previously forecast.