* The White House dismissed a "fiscal cliff" proposal from congressional Republicans on Monday that included tax reforms and spending cuts, saying it did not meet President Barack Obama's pledge to raise taxes on the wealthiest Americans.

* ICSC/Goldman Sachs release chain store sales for the week ended December 1 at 7:45 a.m. EDT. In the previous week, sales rose 3.3 percent.

* U.S. agribusiness giant Archer Daniels Midland Co (ADM.N) tightened its grip on GrainCorp Ltd (GNC.AX), hiking its bid to $2.9 billion and buying more shares, but may need to offer more to win over Australia's last major independent grains handler.

* Cerberus Capital Management LP is in talks to join Virtu Financial LLC's bid for U.S. brokerage Knight Capital Group Inc (KCG.N), the Wall Street Journal reported, citing people familiar with the discussions.

* Redbook releases its Retail Sales Index of department and chain store sales for December at 8:55 a.m. EDT. In the prior period, sales rose 0.8 percent.

* Qualcomm Inc (QCOM.O) will invest as much as $120 million in Sharp Corp (6753.T), a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder, and to boost Sharp's efforts to remain viable.

* At 9:45 a.m. EDT, the Institute for Supply Management-New York releases the November index of regional business activity.

* Chevron Corp's (CVX.N) most costly individual project is about to get even more expensive. The U.S. energy company is expected to reveal this week a highly anticipated mark-up on the price tag for the Gorgon liquefied natural gas (LNG) export complex on a remote island off Western Australia.

* Shares in auto parts retailer Pep Boys-Manny Moe and Jack (PBY.N) were down 8 percent after the bell on Monday following the release of its results.

* Autozone (AZO.N), the largest U.S. auto parts retail chain, posts quarterly results.

* European Union finance ministers will try to finalize plans to put the European Central Bank in charge of supervising all euro zone banks on Tuesday, but divisions over how ECB oversight will work threaten to undermine one of Europe's boldest reforms.

* European stocks edged higher in morning trade, helped by defensive stocks including leading pharmaceuticals Sanofi (SASY.PA) and Roche (ROG.VX). .EU

* At 4:44 a.m. EDT, the FTSEurofirst 300 .FTEU3 was up 0.3 percent, led by aerospace group EADS (EAD.PA) as hopes grew its shareholders were close to an agreement to overhaul its shareholder structure.

* U.S. stocks struggled on Monday to extend the previous week's gains, dropping as disappointing U.S. factory numbers dampened optimism about China's economic growth.

* The Dow Jones industrial average .DJI fell 59.98 points, or 0.46 percent, to 12,965.60 at the close. The Standard & Poor's 500 Index .SPX declined 6.72 points, or 0.47 percent, to 1,409.46. The Nasdaq Composite Index .IXIC dropped 8.04 points, or 0.27 percent, to end at 3,002.20.

(Reporting by Atul Prakash; Editing by Susan Fenton)

• A Permanent Economic Emergency