10 Things to Know for Monday
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
1. EGYPT FACES TURMOIL OVER VOTE
A referendum this week on an Islamist-leaning draft constitution divides the country, with President Mohammed Morsi and his Islamist backers in one camp; secularists and leftists in the other.
2. GREECE EXTENDS DEBT BUYBACK OFFER
Greece said Monday it would extend by one day its offer to buy back tens of billions of euros of debt—a move demanded by the country's official creditors in exchange for fresh aid—after initial offers last week fell short of target.
3. LITTLE IMPROVEMENT EXPECTED FOR MCDONALD'S SALES
More disappointment is expected on the menu at McDonald's: All eyes will be on November same-store sales, but not much has changed at the burger giant or in the economy since October.
4. ITALY FRONT-RUNNER VOWS STEADY HAND
Pier Luigi Bersani, the center-left politician whom polls tip as Italy's next leader, pledged to uphold his country's economic commitments to Europe amid the debt crisis and not to dismantle key overhauls by the current government, if he is elected in a coming national vote.
5. INGERSOLL TO SPIN OFF UNIT IN PELTZ ACCORD
Ingersoll-Rand is expected to announce a plan to spin off its security-technology business, launch a share-buyback program and increase its dividend as part of a compromise reached with Trian Fund Management LP.
6. COURT DATE IN HOTEL MAID'S SUIT VS. STRAUSS-KAHN
The outcome of a New York City hotel housekeeper's sexual assault lawsuit against former International Monetary Fund leader Dominique Strauss-Kahn may soon be decided in court. Lawyers for both are to meet at 2 p.m. Monday for a key court date to update a judge on the status of settlement discussions. The maid, Nafissatou Diallo, is expected to be there, but Mr. Strauss-Kahn isn't.
7. OPEL CONFIRMS BOCHUM CLOSURE IN 2016
General Motors ruled out any last-minute reprieve for the Bochum car factory in Germany owned by its Adam Opel unit, as the worsening slump in the European auto market has made the restructuring of GM's unprofitable car activities in the region more urgent.
8. FAMILY MASSACRE AT INDIAN RESERVATION
California police say a man killed his mother, 8-year-old daughter and two uncles before dying in a shootout with police.
9. MYSTERY OF NELSON MANDELA'S ILLNESS
The 94-year-old former South African president is hospitalized for undisclosed reasons.
10. MEXICO MOURNING A SUPERSTAR
Jenni Rivera, whose soulful voice sold more than 15 million records, is presumed dead in a plane crash.