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Market preview: U.S. futures are lower while EU shares give up early gains to turn red as...

Market preview: U.S. futures are lower while EU shares give up early gains to turn red as worries about Spain and Italy continue to bubble. The S&P Mini is -0.35%. Biogen climbs 5.2% on news it's buying the full rights to Tysabri from Elan (+1%). Following earnings, Zynga is +5.8%, Time Warner +2.7% and Disney is +2.5%, but C.H. Robinson is -7.4%. Later: EIA Petroleum Inventories
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