Sportswear giant Nike is expected to report first-quarter results, while Washington financial regulators will be busy with meetings all week.
*Nike reports first-quarter results. The company expects revenues to be lower than in its year-ago quarter amid the sluggish worldwide economy.
*The Federal Deposit Insurance Corporation board meets to propose a plan to replenish its deposit insurance fund.
*The Securities and Exchange Commission holds a two-day public meeting on short-selling, borrowing of shares and whether more disclosure is needed.
* FedEx reports fiscal first-quarter earnings before the bell. The package delivery giant is expected to benefit from stabilizing freight volumes as well as lower fuel prices.
David Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead in his suburban Virginia home after apparently committing suicide.
Kellermann, 41, was named Freddie Mac’s acting CFO last September after the Treasury Department seized the company, and its sibling mortgage agency Fannie Mae, as the agencies faced deep losses on a crashing U.S. housing market that was rapidly engulfing other financial institutions.