News Summary for July 15, 2011

This is your Benzinga news summary and traders' outlook for Friday, July 15, 2011, covering headlines from overnight and Friday pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly higher despite a

by the S&P. The U.S. dollar is trading flat this morning. Earlier this morning, JP Morgan upgraded Rock-Tenn

to Outperform and BMO upgraded Walter Energy

to Outperform. View all of

. Jefferies downgraded Qlik Technologies

to Hold. View all of

and view all other

. Overseas, European markets were mixed this morning. Britain's FTSE 100 added about 0.1% and France's CAC 40 fell 0.4% on the session. Asian stocks were also mixed on the session. China's Shanghai Index gained 0.4%, Japan's Nikkei 225 added 0.4%, and Hong Kong's Hang Seng Index fell 0.3%. On the economic calendar today, the Consumer Price Index and Empire Manufacturing for the period of June is set to be reported at 8:30 a.m. Industrial production is due at 9:15 a.m. and UofM confidence data is set to be reported at 9:55 a.m. On the commodity front,

and

futures are lower in pre-market trading, with silver trading about 0.5% lower. Energy futures are mixed with

flat, near the $96 per barrel level, and

futures near the $3.11 level, or down about 0.25%; however,

futures are up about 0.5% on the session. Finally,

futures are trading flat on today's pre-market session. On the earnings front, tech giant Google

; The Street was looking for $7.83 per share on revenues of $6.55 billion. Revenues increased 36% year over year. Also, toy company Mattel

; The Street was looking for $0.16 per share on revenues of $1.11 billion. In corporate news, Clorox

for $76.50 per share. Finally, BHP Billiton

announced its

for $12.1 billion in cash or $38.75 per share. Notable companies to go ex-dividend today include Brink's Company

, A Schulman (NASDAQ SHLM), and Tata Motors

. This concludes your news summary for July 15, 2011.