OB/GYNs back over-the-counter birth control pills

WASHINGTON (AP) — No prescription or doctor's exam needed: The nation's largest group of obstetricians and gynecologists says birth control pills should be sold over the counter, like condoms.

Tuesday's surprise opinion from these gatekeepers of contraception could boost longtime efforts by women's advocates to make the pill more accessible.

But no one expects the pill to be sold without a prescription any time soon: A company would have to seek government permission first, and it's not clear if any are considering it. Plus there are big questions about what such a move would mean for many women's wallets if it were no longer covered by insurance.

Still, momentum may be building.

Already, anyone 17 or older doesn't need to see a doctor before buying the morning-after pill — a higher-dose version of regular birth control that can prevent pregnancy if taken shortly after unprotected sex. Earlier this year, the Food and Drug Administration held a meeting to gather ideas about how to sell regular oral contraceptives without a prescription, too.

Now the influential American College of Obstetricians and Gynecologists is declaring it's safe to sell the pill that way.

Wait, why would doctors who make money from women's yearly visits for a birth-control prescription advocate giving that up?

Half of the nation's pregnancies every year are unintended, a rate that hasn't changed in 20 years — and easier access to birth control pills could help, said Dr. Kavita Nanda, an OB/GYN who co-authored the opinion for the doctors group.

"It's unfortunate that in this country where we have all these contraceptive methods available, unintended pregnancy is still a major public health problem," said Nanda, a scientist with the North Carolina nonprofit FHI 360, formerly known as Family Health International.

Many women have trouble affording a doctor's visit, or getting an appointment in time when their pills are running low — which can lead to skipped doses, Nanda added.

If the pill didn't require a prescription, women could "pick it up in the middle of the night if they run out," she said. "It removes those types of barriers."

Tuesday, the FDA said it was willing to meet with any company interested in making the pill nonprescription, to discuss what if any studies would be needed.

Then there's the price question. The Obama administration's new health care law requires FDA-approved contraceptives to be available without copays for women enrolled in most workplace health plans.

If the pill were sold without a prescription, it wouldn't be covered under that provision, just as condoms aren't, said Health and Human Services spokesman Tait Sye.

ACOG's opinion, published in the journal Obstetrics & Gynecology, says any move toward making the pill nonprescription should address that cost issue. Not all women are eligible for the free birth control provision, it noted, citing a recent survey that found young women and the uninsured pay an average of $16 per month's supply.

The doctors group made clear that:

—Birth control pills are very safe. Blood clots, the main serious side effect, happen very rarely, and are a bigger threat during pregnancy and right after giving birth.

—Women can easily tell if they have risk factors, such as smoking or having a previous clot, and should avoid the pill.

—Other over-the-counter drugs are sold despite rare but serious side effects, such as stomach bleeding from aspirin and liver damage from acetaminophen.

—And there's no need for a Pap smear or pelvic exam before using birth control pills. But women should be told to continue getting check-ups as needed, or if they'd like to discuss other forms of birth control such as implantable contraceptives that do require a physician's involvement.

The group didn't address teen use of contraception. Despite protests from reproductive health specialists, current U.S. policy requires girls younger than 17 to produce a prescription for the morning-after pill, meaning pharmacists must check customers' ages. Presumably regular birth control pills would be treated the same way.

Prescription-only oral contraceptives have long been the rule in the U.S., Canada, Western Europe, Australia and a few other places, but many countries don't require a prescription.

Switching isn't a new idea. In Washington state a few years ago, a pilot project concluded that pharmacists successfully supplied women with a variety of hormonal contraceptives, including birth control pills, without a doctor's involvement. The question was how to pay for it.

Some pharmacies in parts of London have a similar project under way, and a recent report from that country's health officials concluded the program is working well enough that it should be expanded.

And in El Paso, Texas, researchers studied 500 women who regularly crossed the border into Mexico to buy birth control pills, where some U.S. brands sell over the counter for a few dollars a pack. Over nine months, the women who bought in Mexico stuck with their contraception better than another 500 women who received the pill from public clinics in El Paso, possibly because the clinic users had to wait for appointments, said Dr. Dan Grossman of the University of California, San Francisco, and the nonprofit research group Ibis Reproductive Health.

"Being able to easily get the pill when you need it makes a difference," he said.

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Online:

OB/GYN group: http://www.acog.org

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Futures retreat on Greek deal impasse; U.S. data on tap

NEW YORK (Reuters) - U.S. stock index futures retreated Wednesday after international lenders were unable to agree on emergency aid for Greece, and ahead of data on the U.S. labor market and consumer confidence.

For a second week, euro zone finance ministers, the International Monetary Fund and the European Central Bank failed to agree on how to make Greece's debt sustainable, which is necessary before the next cash infusion can be made to the fiscally beleaguered nation.

The FTSEurofirst 300 <.fteu3> edged up 0.06 percent at 1,095.13.

Investors will also look to weekly initial jobless claims at 8:30 a.m. ET for signs of improvement in the labor market. Economists in a Reuters survey expect a total of 410,000 new filings compared with 439,000 in the prior week, when a surge in claims was linked to the impact of superstorm Sandy.

At 8:58 a.m., information services company Markit releases U.S. flash Markit Manufacturing PMI for November, expected to show a reading of 51, unchanged from October.

The Thomson Reuters/University of Michigan Surveys of Consumers release the final November consumer sentiment index at 9:55 a.m. Economists in a Reuters survey expect a reading of 84.5 compared with 84.9 in the final October report.

"The market has shifted into Thanksgiving mode, while waiting for more news from Greece - after three positive sessions coming off the low, the market is looking for the next driving theme which could be today's economic numbers," said Andre Bakhos, director of market analytics at Lek Securities in New York.

The S&P 500 <.spx> had risen for three straight sessions as rhetoric from Washington did little to erode investor optimism of a deal to avert the "fiscal cliff," a series of tax hikes and spending cuts which will go into effect in the new year and threaten to derail the nation's fragile economic recovery.

Still, earlier gains on Tuesday were mostly erased as Federal Reserve Chairman Ben Bernanke cautioned that the central bank lacked the tools to cushion the U.S. economy from the impact of the cliff in a worst-case scenario.

"Investors are ignoring the elephant in the room in the form of the fiscal cliff and much of the recent strength stems from hopes of a benign resolution; however, until a deal is actually done, it could come back to haunt at any time," said Bakhos.

Shortly after at 10:00 a.m. the Conference Board releases its report on October leading economic indicators. Economists in a Reuters survey forecast a 0.2 percent rise compared with a 0.6 percent rise in September.

S&P 500 futures shed 0.1 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 2 points, and Nasdaq 100 futures added 1.75 points.

Volume is expected to be light ahead of the Thanksgiving Day holiday on Thursday.

The National Labor Relations Board (NLRB) said it was unlikely to decide, before Thursday's holiday, on Wal-Mart Stores Inc's push to stop protests and rallies outside its stores. This was a blow to the company's attempt to avoid major protests at its stores on "Black Friday," the day after Thanksgiving and the busiest shopping day of the year.

Deere & Co slipped 1.2 percent to $85 in light premarket trading, even as the agricultural equipment maker reported higher fourth-quarter earnings.

Business software provider Salesforce.com Inc beat Wall Street expectations for the third quarter and maintained its earnings outlook for the rest of its fiscal year despite the uncertain economic outlook.

Asian shares fell after the failure to reach a deal on another bailout for Greece, a day after Federal Reserve Chairman Ben Bernanke highlighted the dangers of a U.S. fiscal crisis.

(Editing by Bernadette Baum)

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Gazans Mourn Dalu Family Killed by Israeli Bomb

GAZA CITY — Sweat streamed through the beards of three men clutching the body of 7-year-old Jamal Dalu as they raced through the streets toward his final resting place here amid bursts from assault rifles fired into the air and shouts of “God is great.” They occasionally bent to kiss the boy’s bare, bloodied head or shrouded feet. But they had to jog to stay ahead of the body of his father on a grand wooden pallet, and thousands who thronged on all sides.

There were few if any visible tears at the intense, chaotic, lengthy funeral on Monday of Jamal and seven relatives, among 12 people killed the day before in the single deadliest attack since the latest hostilities between Israel and the Gaza Strip began Wednesday after months of Palestinian militant rocket fire into Israel. Instead, there were fingers jabbing the air to signal “Allah is the only one,” defiant chants about resistance and calls for revenge, flags in the signature green of Hamas and the white of its Al Qassam Brigades.

At the destroyed Dalu family home, a man climbed atop the pile of rubble where a dozen photographers had positioned themselves and hoisted the body of one of the four dead children into the air several times, as though a totem. At the mosque, the eulogy was disrupted by the sound of missiles launched toward Israel from nearby. And at the cemetery, a Qassam commander addressed himself not to the mourners but to Prime Minister Benjamin Netanyahu of Israel, warning, “We still have so much in our pockets, and we will show you if we have to.”

Much of the militant pageantry most likely was meant as a message for the news media, and thus the world, given how the Dalus had instantly become the face of the Palestinian cause. But the tone, far more fundamentalist than funereal, was also a potent sign of the culture of martyrdom that pervades this place, and the numbness that many here have developed to death and destruction after years of cross-border conflict.

“This blood which was provided by your family will not go in vain,” a Hamas minister told the mourners at the mosque. “The rights of these children, the rights of these little flowers, is on our neck.

“We are all going to die, today or tomorrow,” he added. “But those who died yesterday are martyrs and not any dead.”

Lt. Col. Avital Leibovich, a spokeswoman for the Israel Defense Forces, said it was “still looking into” the Sunday afternoon strike on the Dalu home in the neighborhood of Al Nasser, which she described as an accident. She said the target had been a man “in charge of rocket launching” from the neighborhood, and that 200 to 300 rockets had been fired at Israel under his command in recent days, but it was unclear whether that man even lived nearby.

The obliterated two-story structure had been home to 15 people in three generations. The patriarch, also named Jamal, ran a shop in Al Zawya market selling seeds, sugar, teas and other staples that his grandfather had started and he had worked in since childhood. He survived because he had been at the market when the bomb hit. Jamal’s son Mohammed worked in the Hamas government as a police officer. Neighbors and relatives insisted that he was not a Qassam fighter or a political leader, though the scope of the militant presence at the funeral raised questions.

Besides Mohammed, his wife and his four children, Jamal’s sister, wife and two daughters were killed in the attack, according to the Hamas Health Ministry, along with two neighbors, an 18-year-old and his grandmother. Two other members of the Dalu family killed in the strike will be buried later.

Jamal and his wife, Tahani, had recently returned from their first pilgrimage to Mecca, relatives said, and were filled with joy and optimism from the experience. They have five surviving children, relatives said, including 18-year-old Abdullah, who was practically carried through the funeral, his arms around the shoulders of two friends.

“This is the occupation doing injustice to the Palestinians,” the elder Mr. Dalu said in a brief interview at the house as he waited for the bodies to be brought from the morgue. “They didn’t give us a warning. They just hit the house with the children in it. My daughters were in their youth. What did they do to them?”

But while political leaders and human rights advocates have called the deaths a massacre and a war crime, the mourners, except for a few close relatives inside the mosque, were neither overcome with emotion nor fed up, perhaps because the current casualty count pales in comparison to the 1,400 lost four years ago when the Israelis invaded Gaza.

Many of them aspire to what they see as martyrdom in the struggle for a Palestinian state. Such funerals are a punctuating rhythm of life here, the bodies taken from the morgue to the family home, then to the mosque and on to the cemetery in processions that attract large crowds.

“We got used to it; we got used to the killing,” said Emad Al Dalu, 35, an accountant and cousin of the dead. “Every one of us has seen one of his relatives, one of his neighbors has died. We’re defending our rights. We can take more.”

The three-hour ritual was a nearly all-male affair. Several dozen women did briefly view the bodies in a home near the rubble pile, one of them collapsing in grief. But even close female relatives did not attend the service at the mosque nor the burial.

So it was the men who carried the bodies: the grown-ups on stretchers over their shoulders in pallbearer style, and the children, cradled in their arms as they walked, then ran through the normally traffic-clogged city’s now-empty streets. Some were wrapped in white sheets, others in Palestinian or Hamas flags. One’s bare head lobbed backward and needed to be steadied at times.

The crowd ran down a long hill, around several corners, and finally into the Sheikh Radwan cemetery, a messy mosaic of stones on a steep mound of dirt. There, it split into several circles surrounding separate graves.

Jamal and two of his siblings were lowered vertically into a one-square-yard hole that the men covered with a concrete slab, then dirt. The baby, 1-year-old Ibrahim, was buried with his mother.

Hala Nasrallah and Fares Akram contributed reporting.

This article has been revised to reflect the following correction:

Correction: November 19, 2012

An earlier version of this article misstated the rank of Avital Leibovich, a spokeswoman for the Israel Defense Forces. She is a lieutenant colonel, not a lieutenant general.

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Blake Shelton Has Unforgettable Night on The Voice

TV Watch

The Voice

By Julia Haskins

11/20/2012 at 08:15 AM EST

Cassadee Pope (Blake Shelton inset)

Tyler Golden/NBC (2)

It was a night of creative growth on The Voice Monday, as the top 10 wowed the coaches in unexpected ways.

"This may be the best episode of The Voice we've ever had," Blake Shelton said. But it was the top talent among the remaining handful of singers that really gave his statement weight.

Christina Aguilera and Shelton kicked off the night with "Just a Fool," a duet from her new album Lotus, which ushered in rousing performances from each team.

Melanie Martinez, the eccentric star of Team Adam, pleased fans with her offbeat take on the White Stripe's "Seven Nation Army." Cee Lo Green called her performance "one of the coolest things that's happened this season." It even had Shelton feeling envious. If there was one singer who wasn't on his team that he could coach, "It's you, Melanie," he told her.

Dez Duron took a grown-up approach to his choice of song with Nina Simone's "Feeling Good." "I'm so happy that you brought not only your stage presence to the table, but you dug deeper," his coach Aguilera said. "You made everyone's heart melt tonight."

Green's Trevin Hunte set out to show that he could go beyond ballads with Usher's "Scream," and the bold move paid off. Coupled with a sublime gospel choir, Hunte's moving vocals won over his astonished coach. "It was so sweet to me. It makes me cry," Green said.

Shelton hinted at an important development with a Tweet early in the night. "One of the biggest nights of my career on The Voice tonight for a couple reasons... Watch," he said.

His own Cassadee Pope had the honor of singing "Over You," the song Shelton and wife Miranda Lambert co-wrote about his late brother. Pope faced a big challenge, but the tenderness of her voice and the energy in her performance had Shelton on his feet in standing ovation.

"Ladies and gentlemen, you're looking at an artist standing up there," he said of his singer who had just honored his brother with her performance.

The Voice returns Tuesday night with the elimination round.

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New push for most in US to get at least 1 HIV test

WASHINGTON (AP) — There's a new push to make testing for the AIDS virus as common as cholesterol checks.

Americans ages 15 to 64 should get an HIV test at least once — not just people considered at high risk for the virus, an independent panel that sets screening guidelines proposed Monday.

The draft guidelines from the U.S. Preventive Services Task Force are the latest recommendations that aim to make HIV screening simply a routine part of a check-up, something a doctor can order with as little fuss as a cholesterol test or a mammogram. Since 2006, the Centers for Disease Control and Prevention also has pushed for widespread, routine HIV screening.

Yet not nearly enough people have heeded that call: Of the more than 1.1 million Americans living with HIV, nearly 1 in 5 — almost 240,000 people — don't know it. Not only is their own health at risk without treatment, they could unwittingly be spreading the virus to others.

The updated guidelines will bring this long-simmering issue before doctors and their patients again — emphasizing that public health experts agree on how important it is to test even people who don't think they're at risk, because they could be.

"It allows you to say, 'This is a recommended test that we believe everybody should have. We're not singling you out in any way,'" said task force member Dr. Douglas Owens of Stanford University and the Veterans Affairs Palo Alto Health Care System.

And if finalized, the task force guidelines could extend the number of people eligible for an HIV screening without a copay in their doctor's office, as part of free preventive care under the Obama administration's health care law. Under the task force's previous guidelines, only people at increased risk for HIV — which includes gay and bisexual men and injecting drug users — were eligible for that no-copay screening.

There are a number of ways to get tested. If you're having blood drawn for other exams, the doctor can merely add HIV to the list, no extra pokes or swabs needed. Today's rapid tests can cost less than $20 and require just rubbing a swab over the gums, with results ready in as little as 20 minutes. Last summer, the government approved a do-it-yourself at-home version that's selling for about $40.

Free testing is available through various community programs around the country, including a CDC pilot program in drugstores in 24 cities and rural sites.

Monday's proposal also recommends:

—Testing people older and younger than 15-64 if they are at increased risk of HIV infection,

—People at very high risk for HIV infection should be tested at least annually.

—It's not clear how often to retest people at somewhat increased risk, but perhaps every three to five years.

—Women should be tested during each pregnancy, something the task force has long recommended.

The draft guidelines are open for public comment through Dec. 17.

Most of the 50,000 new HIV infections in the U.S. every year are among gay and bisexual men, followed by heterosexual black women.

"We are not doing as well in America with HIV testing as we would like," Dr. Jonathan Mermin, CDC's HIV prevention chief, said Monday.

The CDC recommends at least one routine test for everyone ages 13 to 64, starting two years younger than the task force recommended. That small difference aside, CDC data suggests fewer than half of adults under 65 have been tested.

"It can sometimes be awkward to ask your doctor for an HIV test," Mermin said — the reason that making it routine during any health care encounter could help.

But even though nearly three-fourths of gay and bisexual men with undiagnosed HIV had visited some sort of health provider in the previous year, 48 percent weren't tested for HIV, a recent CDC survey found. Emergency rooms are considered a good spot to catch the undiagnosed, after their illnesses and injuries have been treated, but Mermin said only about 2 percent of ER patients known to be at increased risk were tested while there.

Mermin calls that "a tragedy. It's a missed opportunity."

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S&P 500 index futures rise briefly after data

NEW YORK (Reuters) - S&P 500 index futures briefly edged higher on Tuesday after data showed housing starts rose to their highest rate in more than four years in October.

S&P 500 futures were last up 0.3 point. Dow Jones industrial average futures trimmed declines but were still down 8 points, while Nasdaq 100 futures added 1.25 points.

(Reporting By Leah Schnurr; Editing by Kenneth Barry)

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Gaza Clash Escalates With Deadliest Israeli Strike

Bernat Armangue/Associated Press

Smoke rose over Gaza City on Sunday, as Israel widened its range of targets to include buildings used by the news media.

CAIRO — Emboldened by the rising power of Islamists around the region, the Palestinian militant group Hamas demanded new Israeli concessions to its security and autonomy before it halts its rocket attacks on Israel, even as the conflict took an increasing toll on Sunday.

After five days of punishing Israeli airstrikes on the Hamas-controlled Gaza Strip and no letup in the rocket fire in return, representatives of Israel and Hamas met separately with Egyptian officials in Cairo on Sunday for indirect talks about a truce.

The talks came as an Israeli bomb struck a house in Gaza on Sunday afternoon, killing 11 people, in the deadliest single strike since the conflict between Israel and Hamas escalated on Wednesday. The strike, along with several others that killed civilians across the Gaza Strip, signaled that Israel was broadening its range of targets on the fifth day of the campaign.

By the end of the day, Gaza health officials reported that 70 Palestinians had been killed in airstrikes since Wednesday, including 20 children, and that 600 had been wounded. Three Israelis have been killed and at least 79 wounded by unrelenting rocket fire out of Gaza into southern Israel and as far north as Tel Aviv.

Hamas, badly outgunned on the battlefield, appeared to be trying to exploit its increased political clout with its ideological allies in Egypt’s new Islamist-led government. The group’s leaders, rejecting Israel’s call for an immediate end to the rocket attacks, have instead laid down sweeping demands that would put Hamas in a stronger position than when the conflict began: an end to Israel’s five-year-old embargo of the Gaza Strip, a pledge by Israel not to attack again and multinational guarantees that Israel would abide by its commitments.

Prime Minister Benjamin Netanyahu of Israel stuck to his demand that all rocket fire cease before the air campaign lets up, and Israeli tanks and troops remained lined up outside Gaza on Sunday. Tens of thousands of reserve troops had been called up. “The army is prepared to significantly expand the operation,” Mr. Netanyahu said at the start of a cabinet meeting.

Reda Fahmy, a member of Egypt’s upper house of Parliament and of the nation’s dominant Islamist party, who is following the talks, said Hamas’s position was just as unequivocal. “Hamas has one clear and specific demand: for the siege to be completely lifted from Gaza,” he said. “It’s not reasonable that every now and then Israel decides to level Gaza to the ground, and then we decide to sit down and talk about it after it is done. On the Israeli part, they want to stop the missiles from one side. How is that?”

He added: “If they stop the aircraft from shooting, Hamas will then stop its missiles. But violence couldn’t be stopped from one side.”

Hamas’s aggressive stance in the cease-fire talks is the first test of the group’s belief that the Arab Spring and the rise in Islamist influence around the region have strengthened its political hand, both against Israel and against Hamas’s Palestinian rivals, who now control the West Bank with Western backing.

It also puts intense new pressure on President Mohamed Morsi of Egypt, a former leader of the Muslim Brotherhood who was known for his fiery speeches defending Hamas and denouncing Israel. Mr. Morsi must now balance the conflicting demands of an Egyptian public that is deeply sympathetic to Hamas and the Palestinian cause against Western pleadings to help broker a peace and Egypt’s need for regional stability to help revive its moribund economy.

Indeed, the Egyptian-led cease-fire talks illustrate the diverging paths of the Muslim Brotherhood and Hamas, a Palestinian offshoot of the original Egyptian Islamist group. Hamas has evolved into a more militant insurgency and is labeled a terrorist organization by the United States and Israel, while the Brotherhood has effectively become Egypt’s ruling party. Mr. Fahmy said in an interview in March that the Brotherhood’s new responsibilities required a step back from its ideological cousins in Hamas, and even a new push to persuade the group to compromise.

Reporting was contributed by Ethan Bronner, Irit Pazner Garshowitz and Isabel Kershner from Jerusalem, and Peter Baker from Bangkok.

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Adele's Son Is a Cutie, Says Alan Carr

By Simon Perry

11/19/2012 at 09:00 AM EST

Adele and boyfriend Simon Konecki have been lying low since she gave birth to a son last month, enjoying the early days with their child away from the spotlight. The private singer hasn't even revealed her little boy's name to fans.

But a close pal, comedian Alan Carr, is reporting from the frontlines of Adele's new life as a mom.

"All I'll say is I have seen Adele's baby and he's such a cutie. She's doing great, she's glowing," he tells The Sun.

"Because we're friends, people will ask me on the red carpet if she's breast feeding or using a breast pump," he continues. "Well, I think that's f––ing disgusting. This is a young girl. I'm not going to talk about her breasts."

She may be staying out of the spotlight but her latest song – "Skyfall," from the new James Bond film – has been a success on both sides of the Atlantic.

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.

There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.

Meningitis mainly affects infants and children. It kills about 8 percent of patients and leaves others with lifelong consequences such as brain damage.

In a statement on Friday, Andrin Oswald of Novartis said he is "proud of the major advance" the company has made in developing its vaccine Bexsero. It is aimed at children over two months of age, and Novartis is hoping countries will include the shot among the routine ones for childhood diseases such as measles.

Novartis said the immunization has had side effects such as fever and redness at the injection site.

Recommendations from the European Medicines Agency are usually adopted by the European Commission. Novartis also is seeking to test the vaccine in the U.S.

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Stock futures up on optimism over budget talk

NEW YORK (Reuters) - Stock index futures started a holiday-shortened week higher on Monday, with signs of progress in Washington talks to resolve the fiscal crunch lifting investors' mood.

Leading Democratic and Republican lawmakers expressed confidence on Sunday that they could reach a deal to avert the "fiscal cliff" even as they laid down markers on raising taxes and spending cuts that may make any agreement more difficult. European stocks also reacted by rising from a 3 1/2-month low.

Democratic Senator Dick Durbin said on CNN, "What I hear is a perceptible change in rhetoric from the other side."

Also appearing on CNN, Republican Representative Tom Price said, "Every member of our caucus appreciates that this fiscal crisis, this challenge that we have, is ever closer." Opinion polls show that Republicans would shoulder more of the blame if the country goes over the fiscal cliff.

"A deal that doesn't face healthcare spending head on and also raises taxes of substance with economic growth mediocre is not a good deal. This said, the markets will celebrate any deal in the short term but will likely deal with the economic consequences in 2013," said Peter Boockvar, managing director at Miller Tabak & Co in New York.

S&P 500 futures rose 7.4 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 61 points and Nasdaq 100 futures rose 16 points.

Investors awaited data on existing-home sales for October, due at 10 a.m. (1500 GMT). Economists in a Reuters survey forecast an annualized 4.75 million units, a repeat of the September total. Investors also eyed the November NAHB housing market index, also at 10 a.m. (1500 GMT).

Shares of Lowe's Cos Inc , the world's No. 2 home improvement chain, rose 4 percent to $33.35 in premarket trade on Monday after the company reported higher-than-expected quarterly profit and raised its full-year sales forecast.

Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy. Cisco shares were up 0.9 percent at $18.15 in premarket trade.

General Motors Co and its local Chinese partners, intensifying competition in China in the no-frills car market, on Sunday formally opened another plant for its low-cost Baojun brand. GM shares were up 1.1 percent at $24.10 in premarket trade.

Wal-Mart Stores Inc is taking its first legal step to stop months of protests and rallies outside Walmart stores, targeting the union that it says is behind such actions.

Citigroup Inc has agreed to pay $360 million to the brokerage estate of Lehman Brothers to resolve a dispute over $1 billion in collateral that the investment bank was forced to post in the days leading up to its bankruptcy in 2008. Citigroup shares were up 1.5 percent at $35.49 in premarket trade.

Online financial services company ETrade Financial Corp will shut down its British brokerage business as the company shifts focus back to its core U.S. operations, the Wall Street Journal reported, citing people familiar with the decision.

Hope that U.S. politicians would find common ground to steer clear of the "fiscal cliff" boosted stocks on Friday, though the gains were not enough to offset the week's losses.

(Reporting by Angela Moon; Editing by Kenneth Barry)

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