* U.S. stock index futures point to a slightly lower opening on Wall Street on Wednesday, after giving up gains late on Tuesday and closing lower.

* By 0957 GMT, S&P 500 futures SPc1, Dow Jones futures DJc1 and Nasdaq 100 futures NDc1 are between 0.1 percent and 0.3 percent lower.

* U.S. crude oil futures CLc1 are down $1.48 at $108.23, extending the sharp decline from Tuesday, with the dollar strengthening further and Hurricane Gustav proving less destructive than had been feared.

* Lehman Brothers shares in Frankfurt (LHMH.F: Quote, Profile, Research) are down 2.2 percent after hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August. Lehman Brothers owns 20 percent of Ospraie.

Also, state-controlled Korea Development Bank (KDB> proposed buying 25 percent of Lehman LEH.N for up to $5.3 billion, according to newspaper reports.

* Coca-Cola (KO.N: Quote, Profile, Research) will be in focus after it agreed to pay $2.5 billion for Chinese juice maker Huiyuan (1886.HK: Quote, Profile, Research), in China's biggest-ever takeover by a foreign company.

* Quiet day on the earnings side, with only H&R Block (HRB: Quote, Profile, Research) and Staples (SPLS.O: Quote, Profile, Research) to report.

* On the economic front, the Federal Reserve releases its Beige Book on regional economic conditions, which is likely to reinforce the view of weak growth and elevated price pressure.

* Data for factory orders and durable goods in July are also due. (Report by Brian Gorman; Editing by Erica Billingham)