ECONOMIC REPORTS Data scheduled to be released include the trade deficit for October and wholesale trade for October (Monday); import prices for November (Wednesday); weekly jobless claims, retail sales for November, the Producer Price Index for November and business inventories for October (Thursday); and the Consumer Price Index for November and industrial production for November (Friday).

CORPORATE EARNINGS Companies scheduled to report quarterly earnings include Costco Wholesale (Wednesday); and Hovnanian Enterprises and Adobe Systems (Thursday).

IN THE UNITED STATES On Monday, the governor of the Bank of England, Mervyn King, will speak at the Economic Club of New York. Also Monday, a trial will begin in Boston in a lawsuit brought by the owners of Dragon Systems, the speech-recognition company, who contend that Goldman Sachs did not warn them about risky accounting practices that led to the bankruptcy of the rival to which they sold the company for stock.

On Tuesday, the Senate Banking Committee will conduct a hearing about the Department of Housing and Urban Development’s rental housing assistance programs, and the Agriculture Department will issue its monthly crop report.

On Wednesday, the Federal Open Market Committee concludes a two-day meeting, and a House Financial Services subcommittee will conduct a hearing about the regulation of over-the-counter swaps markets under the Dodd-Frank financial overhaul law.

On Thursday, the House Financial Services Committee will conduct a hearing about the effect of the Volcker Rule on markets, businesses, investors and job creation; and a House Agriculture subcommittee will conduct a hearing about derivatives changes under the Dodd-Frank financial overhaul law.

On Friday, a lockup period will expire for 156 million shares of Facebook, and Elisse B. Walter will succeed Mary L. Schapiro as chairwoman of the Securities and Exchange Commission.

OVERSEAS On Wednesday, European Union finance ministers will hold emergency talks about establishing a euro-area banking supervisor.

On Thursday, euro-area finance ministers will meet to ratify an aid payment to Greece, and European Union leaders will begin a two-day summit meeting on the future of the bloc.

Article source: http://www.nytimes.com/2012/12/10/business/economy/economic-reports-for-the-week-of-dec-10.html?partner=rss&emc=rss