Stock index futures pointed to a weaker open on Wall Street on Friday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.25 percent and Nasdaq 100 futures falling 0.4 percent by 0939 GMT.

* Oracle Corp reported a quarterly profit that exceeded Street projections and a 14 percent climb in sales of new software, signaling the tech spending recovery was on track as businesses shell out on big-ticket items again. Shares in the company traded in Frankfurt were up 3.3 percent.

* U.S. lawmakers on Friday neared a breakthrough in their historic rewrite of financial regulations as they agreed to tough new limits on banks' trading activity and floated a compromise on derivatives.

* Ahead of the weekend G20 summit in Toronto, officials tried to downplay differences between the U.S. and Europe over how quickly to shift from crisis-fighting mode to budgetary belt-tightening.

* Japan's Nikkei average <.N225> fell 1.9 percent on Friday, closing below a key support level in what market players said could signal still more falls to come.

* European shares fell, hitting a two-week low ahead of the weekend G20 meeting, with BP hitting 14-year lows as it struggled to clean up the 67-day-old Gulf of Mexico oil spill crisis.

* BP said it had so far spent $2.35 billion on the response effort to its Gulf of Mexico oil spill, the biggest U.S. oil spill ever. Progress on the relief well, intended to kill the leaking well, and measures to improve the capture of oil from the leaking well, were on track, BP said.

* H&R Block Inc , the largest U.S. tax preparer, posted a better-than-expected quarterly profit, partly helped by lower operating expenses, but declined to provide guidance.

* Research in Motion on Thursday reported subscriber and shipment figures that disappointed investors and rekindled fears that the BlackBerry maker is losing market share to Apple Inc and other rivals.

* Bearish bets in the stock market continued to rise in the first half of June in the face of growing caution over the economic outlook, with short interest on the NYSE at its highest in almost a year.

* Hitachi Ltd <6501.T>, Japan's biggest electronics maker, is in talks with General Electric to change the ownership structure of their nuclear power alliance, the Wall Street Journal reported on Friday.

* Goldman Sachs reclaimed the top spot for mergers and acquisitions advice in the first half of 2010, underlining the Wall Street giant's resilience even as it battles U.S. civil fraud charges.

* U.S. aluminum giant Alcoa Inc said it ratified a new four-year contract with the United Steelworkers union covering 5,400 employees at ten of its locations in the U.S.

* Miners will be in focus after New Australia Prime Minister Julia Gillard started her first full-day in office pledging to end a mining tax row threatening $20 billion in investment

* On the macro front, the Commerce Department releases its third and final estimate of first quarter Gross Domestic Product (GDP) growth. Economists in a Reuters survey forecast a 3.0 percent annualized pace of growth.

* Thomson Reuters/University of Michigan Surveys of Consumers release final June consumer sentiment index. Economists in a Reuters survey expect a reading of 75.5 a repeat of the preliminary June figure.

* The S&P 500 fell for the fourth straight day on Thursday as fresh signs of consumer weakness and worries about stringent financial regulation provoked investors to unload positions.

* The Dow Jones industrial average <.DJI> dropped 145.64 points, or 1.41 percent, to 10,152.80. The Standard & Poor's 500 Index <.SPX> fell 18.35 points, or 1.68 percent, to 1,073.70. The Nasdaq Composite Index <.IXIC> lost 36.81 points, or 1.63 percent, to 2,217.42.

(Reporting by Blaise Robinson; Editing by Sharon Lindores)

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