Stock futures lower on fiscal cliff apprehension


Stock futures were lower on Monday as investors awaited any sign of progress in talks to avert the United States' so-called "fiscal cliff" of tax hikes and spending cuts.

* Ingersoll-Rand Plc is expected to announce as soon as Monday it will spin off its security division, two people familiar with the matter said.

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* American International Group Inc is to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion.

(Reporting By Leah Schnurr; Editing by Chizu Nomiyama)