Some disconcerting news from across the pond has sent U.S. stock futures solidly lower this morning, despite some positive developments at home on the merger front. In company-specific reports, here are some names to watch:

• Cisco Systems, Inc. (NASDAQ:CSCO) reported fiscal second-quarter earnings of 51 cents per share (excluding earnings), topping analysts' per-share estimates of 48 cents. On a revenue basis, the network equipment name saw a 5% improvement to $12.1 billion, edging past expectations. (Yahoo! News)


• In its fiscal first quarter, Whole Foods Market, Inc. (NASDAQ:WFM) earned 78 cents per share, a penny above analysts' expectations. Revenue rose 13.7% to $3.86 billion and same-store sales grew by 7.2% during the three-month period. For fiscal 2013, the grocer reiterated its per-share earnings outlook of $2.83 to $2.87. (NASDAQ)


• US Airways Group, Inc. (NYSE:LCC) and AMR Corporation (PINK:AAMRQ) -- parent of American Airlines -- have made it official, as their respective boards have agreed to an $11 billion merger. Combined, the two will be the largest carrier in the world in terms of both passengers and revenue. (USA Today)


• Looking to get out of the paper business, Time Warner Inc. (NYSE:TWX) is holding talks with Meredith Corporation (NYSE:MDP) to unload many of its magazine titles -- including People and Real Simple -- into a separate publicly traded unit. Sources indicate the buyout offer could be in the neighborhood of $1.75 billion. (CNBC)


• Hoping to lay antitrust claims to rest, Anheuser-Busch InBev NV (ADR) (NYSE:BUD) has amended the terms of its $20.1 billion buyout proposal of Grupo Modelo. Under the new deal, it will sell the rights to Corona and other brands to Constellation Brands, Inc. (NYSE:STZ) for $2.9 billion, giving the wine company its own brewery operations. (The New York Times)


• A consortium of investors including Berkshire Hathaway Inc. (NYSE:BRK.A) has pooled together $28 billion to acquire H.J. Heinz Company (NYSE:HNZ). The offer represents a 20% premium over last night's closing price in the shares of the venerable ketchup maker. (CNNMoney)


• On the flip side, Best Buy Co., Inc. (NYSE:BBY) founder Richard Schulze may now be rethinking earlier dreams of taking the company private. Instead, he may recruit investors to collectively acquire a minority stake in the retailer. (Fox Business)


• Finally, Kim Kardashian and beau Kanye West caused a stir after skipping the security line at John F. Kennedy Airport. Reportedly, one airline official let them bypass a security checkpoint in order to "provide expedited access" to their flight, from which they were later removed in order to conduct the proper TSA screening. (ABC News)