FedEx increased its quarterly dividend to 25 cents per share from the prior 20 cents, an increase of 25 percent

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Compiled by Tom DiChristopher and Peter Schacknow Send this email to a friend › More Pre-Markets Data IN THE NEWS TODAY The Dow and S&P 500 begin the Tuesday session at two-month lows, following three straight days of losses. The S&P 500 has now lost ground in 10 of 14 sessions, as investors keep an eye on the Greece debt talks and as next week's meeting of Federal Reserve policymakers draws near. Greece and its international creditors are in talks to extend the country's bailout program to March 2016, sources told the Wall Street Journal. The extension is an attempt to break the current impasse over reforms between Greece and its creditors, and avert a Greek default. (WSJ/CNBC) Asian equities declined on China inflation concerns Tuesday, as the nation's consumer price index rose 1.2 percent last month from the year-earlier period, below expectations for a 1.3-percent rise and down from April. Meanwhile, producer prices remained weak, with a bigger-than-expected fall of 4.6 percent. (CNBC) Apple revealed its anticipated music streaming service at its annual Developers conference Monday. Apple Music will be available for iPhone and Mac on June 30 and will cost $9.99 per month, or $14.99 for a plan that up to six family members can share. (CNBC) Apple also unveiled three new operating system updates,improvements to voice recognition software Siri, an iOS 9 feature called Multitasking that allows owners to use multiple apps at the same time, and a series of native apps for the Apple Watch that broaden its functions. (Re/Code) HSBC will cut costs by as much as $5 billion within two years,laying off as many as 25,000 staff, the banking behemoth told investors Tuesday in a much-anticipated update. (CNBC) Deutsche Bank's Frankfurt headquarters were searched by authorities on Tuesday. A person familiar with the situation said the raid was related to German private bank Sal. Oppenheim, which Deutsche Bank acquired in 2010. The bank said authorities were seeking information about clients. (Reuters) Fiat Chrysler CEO Sergio Marchionne is trying to force a mergerwith General Motors by enlisting activist investors and other allies topressure the U.S. carmaker into accepting a deal with its Italian-American rival, the Wall Street Journal reported. (WSJ) General Electric has agreed to sell its U.S. Sponsor Finance unit, as well as a $3 billion bank loan portfolio, to the Canada Pension Plan Investment Board in a deal valued at $12 billion. The transaction is part of a broader effort to sell off most of GE Capital's assets. P&G on Monday received two binding offers for separate parts of its beauty business worth up to $12 billion, sources told Reuters. Henkel made an offer for P&G's haircare division, including its Clairol brand, while Coty made a play for the consumer goods giant's fragrance and cosmetics businesses. (Reuters) Atmel is exploring a possible sale and other strategic alternatives, according to Reuters. The chipmaker is said to be working with Qatalyst Partners on those options. (Reuters) The Obama Administration said Monday the U.S. government would forgive federal student loans held by Americans who can show they were lured to for-profit colleges by false claims. The announcement coincided with a decision to erase the debt owed by students of defunct Corinthian Colleges under charges of fraudulent recruiting and other deceptive practices. (WSJ) Storms are expected to sweep through much of the Northeast, Upper Midwest and Northern Rockies Tuesday, with the most severe weather forecast for Minnesota and Wisconsin. (Weather Channel) BY THE NUMBERS Today's economic reports include the Labor Department's latest "JOLTS" report at 10 a.m. ET, the monthly measure of job opportunities and labor turnover. This report will be for the month of April, as will the government's report on wholesale inventories. Economists expect inventories - also out at 10 a.m. ET, to be up 0.2 percent after a 0.1 percent increase in March. Retailer Quiksilver and homebuilder Hovnanian are among the few companies of note on this morning's earnings calendar. STOCKS TO WATCH Shares of Lululemon Athletica moved higher after the yoga apparel retailer reported its quarterly profit more than doubled as same-store sales rose 6 percent. First-quarter earnings rose to 34 cents a share, just above estimates. FedEx increased its quarterly dividend to 25 cents per share from the prior 20 cents, an increase of 25 percent. Dave & Buster's reported adjusted quarterly profit of 46 cents per share, beating estimates by 9 cents, with revenue also above forecasts. The restaurant chain also raised its full year forecast and sees same-store sales growth rising 4-5 percent this year. Etsy could see some extra buying interest today, as the online crafts site operator saw Tiger Global Management increase its stake to 8.9 percent from 6.4 percent. WATERCOOLER More than 90,000 punters who put $2 on American Pharaoh to win at the Belmont Stakes have not cashed in their winnings worth $3.50, leaving New York state to potentially collect $315,829. (ESPN/CNBC) Samsung spokesman and Cleveland Cavalier LeBron James gave a special gift to each of his teammates before their playoff game with the Golden State Warriors: an Apple Watch. (Cleveland.com/CNBC) FEEDBACK We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device.