Stock index futures pointed to a mixed opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.2 percent, for the Dow Jones staying flat and for the Nasdaq 100 rising 0.2 percent.

* The Commerce Department releases May factory orders data at 1400 GMT. Economists in a Reuters survey expect a rise of 1.0 percent compared with a 1.2 percent drop in the prior month.

* Specialty chemicals maker OM Group Inc is making a push into Europe with the acquisition of German magnetic materials maker Vacuumschmelze GmbH & Co KG for $993.2 million.

* The U.S. market was closed on Monday for a holiday. On Friday the Dow Jones industrial average <.DJI> ended up 168.43 points, or 1.36 percent, at 12,582.77. The Standard & Poor's 500 Index <.SPX> was up 19.03 points, or 1.44 percent, at 1,339.67. The Nasdaq Composite Index <.IXIC> was up 42.51 points, or 1.53 percent, at 2,816.03.

* Detroit-based automakers reported higher Canadian sales last month, led by Ford Motor Co of Canada , which said on Monday that demand for fuel-efficient cars helped it record its best June in 22 years.

* Healthy, middle-aged smokers who take Pfizer's
Chantix or Champix, one of the most popular quit-smoking drugs, have a higher risk of suffering heart attacks or other serious heart problems, a study found on Monday.

* China's Baidu is to partner with Microsoft for English-language search, giving the U.S. software giant a chance to expand its tiny Web presence in a market Google has stepped back from, and helping the Chinese company's international ambitions.

* Canadian patent licensing firm Wi-LAN Inc agreed to settle a lawsuit related to Bluetooth technology with chipmaker Texas Instruments .

* PIMCO, the world's biggest bond fund manager, gained about $50 million on an inflation-related trade that resulted in losses to the trade's counterparty Morgan Stanley , the Wall Street Journal said, citing people familiar with the matter.

* Greece will stave off default not only for its own sake but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday.

* China's local government debt may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.

* European shares <.FTEU3> fell 0.2 percent on Tuesday after rising in the previous six sessions. Japan's main Nikkei index <.N225> made a small gain on Tuesday, managing to extend its rally to a sixth session.

(Reporting by Atul Prakash; Editing by Greg Mahlich)