Calendar

SWISS BANKS
Feb. 12, 2:30 a.m. EST
Credit Suisse (CSR) reports fourth-quarter earnings, followed on Feb. 14 by UBS (UBS). The Swiss Federal Banking Commission said that in the near future both banks may need to take additional writedowns linked to subprime loans.

GENERAL MOTORS (GM)
Feb. 12, 7 a.m. EST
America's largest automaker announces fourth-quarter results. Analysts expect a second straight quarterly loss, albeit smaller than last period. This year is off to a good start, with GM's January U.S. sales rising while Toyota's (TM) slipped.

GONE SHOPPING
Feb. 13, 8:30 a.m. EST
January retail sales probably improved after a decline in December. The report will help to show if the U.S. economy is slipping into a recession.

BIG LOSSES AHEAD
Feb. 13, 8:30 a.m. EST
Mortgage insurer MGIC Investment (MTG) is expected to post a fourth-quarter loss. Red ink could keep flowing. The company says it may pay $2 billion in claims this year compared with an earlier estimate of $1.5 billion.

COCA-COLA(KO)
Feb. 13, 8:30 a.m. EST
The soft-drink maker issues fourth-quarter results, which could be dented by high commodity prices. CEO Neville Isdell believes the odds of a U.S. recession this year are more than 50%.

JAPAN'S ECONOMY
Feb. 13, 6:50 p.m. EST
Fourth-quarter growth in real gross domestic product probably slowed down. Export growth also likely moderated on weaker U.S. demand. But the Bank of Japan is unlikely to cut interest rates at its Feb. 13-14 monetary policy meeting.

PUBLICIS GROUPE (PB)
Feb. 14
The French advertising giant issues fourth-quarter results. The company expects earnings growth to improve in 2008 thanks to the Beijing Olympics, European football championships, and U.S. Presidential elections.

EURO ZONE GROWTH
Feb. 14, 4 a.m. EST
Economic growth in the euro zone slowed in the fourth quarter. Downside risks from growth will probably keep the European Central Bank from raising interest rates, despite inflation running above its desired level.

SMALLER TRADE GAP
Feb. 14, 8:30 a.m. EST
The December U.S. trade deficit most likely narrowed. Economists expect a fall in import outlays, due to slightly lower oil prices, as well as further export gains.

CLEAR CHANNEL (CCU)
Feb. 14, 4 p.m. EST
The media company issues fourth-quarter results. There is concern among investors that a private equity buyout will fail. The company's stock is about 18% below the announced purchase price of $37.60 a share.

GREENSPAN TALKS
Feb. 14, 7:30 p.m. EST
The former Federal Reserve Chairman will speak about the economy at an energy conference in Houston.

U.S. FACTORY OUTPUT
Feb. 15, 9:15 a.m. EST
A weaker U.S. economy is crimping manufacturing activity. Economists expect a 0.1% rise in January output after no gain in December.