Early movers: DB, DIS, TWTR, GM, SNY, REGN, GS & more
Check out which companies are making headlines before the bell:
Bats Global Markets (BATS: BATS) — The exchange operator is being bought by CBOE (NASDAQ: CBOE) for $3.2 billion in cash and stock,or $32.50 per share.
Deutsche Bank (XETRA: DBK-DE) — The bank's shares are under pressure, with investors fearing Deutsche Bank will have to raise capital after the Department of Justice reportedly proposed a $14 billion fine related to an investigation into mortgage-backed securities.
Walt Disney (NYSE: DIS) — The stock was downgraded to"hold" from "buy" at Drexel Hamilton, with Drexel pointing to financial pressure generated by Disney's deal to renew its coverage of National Basketball Association games.
Twitter (NYSE: TWTR) — Oppenheimer downgraded Twitter to "underperform" from "perform." That follows CNBC's report on Friday that Twitter was moving closer to a sale and the subsequent jump in the stock price. Oppenheimer feels a likely buyer wouldn't pay much above its $17 price target.
General Motors (NYSE: GM) — The automaker is offering buyouts to Cadillac dealers. GM's buyout offers are worth up to $180,000 as it seeks to cut the ranks of those dealers, focusing on smaller outlets.
Sanofi (Euronext Paris: SAN-FR), Regeneron Pharmaceuticals (NASDAQ: REGN) — Sanofi and Regeneron could win Food and Drug Administration approval for a new eczema drug by March,according to the two drugmakers. Analysts think the new treatment could generate $3 billion in annual sales.
Lands' End (NASDAQ: LE) — The retailer announced the resignation of CEO Frederica Marchionni. Chief merchandising officer Joseph Boitano and chief financial officer James Gooch will serve as interim co-CEOs while the search for a permanent replacement is conducted.
Goldman Sachs (NYSE: GS) — Goldman will cut more than 25 percent of its investment banking jobs in Asia, according to multiple reports, as merger and acquisition activity slows. Reuters reported that Bank of America (NYSE: BAC) is planning on cutting about two dozen jobs in the region, as well.
Chemtura (NYSE: CHMT) — The specialty chemical producer will be bought by German chemical maker Lanxess for $2.12 billion in cash. The offer of $33.50 per share for Philadelphia-based Chemtura is 19 percent above the stock's Friday closing price.
Wells Fargo (NYSE: WFC) — Wells Fargo is the target of a class action by two former employees. They are seeking $2.6 billion for workers who were demoted or fired after failing to reach aggressive sales goals.
Target (NYSE: TGT) — The retailer announced the departure of chief digital officer Jason Goldberger after four years, as it overhauls its e-commerce division. Goldberger's role will be split between chief information officer Mike McNamara and chief merchandising officer Mike Tritton.
Yahoo (NASDAQ: YHOO) — Yahoo is reportedly in hot water with Verizon (NYSE: VZ), according to the New York Post, which said Verizon execs are upset that its officials weren't informed sooner about the massive 2014 hacking revealed last week. Verizon currently has a $4.8 billion deal in place to acquire Yahoo's core internet assets.
Alnylam Pharmaceuticals (NASDAQ: ALNY) — Alnylam reports positive initial results from a study of a treatment for primary hyperoxaluria, a rare but potentially life threatening condition that can prevent the kidneys from filtering waste products from the body.
Marriott (NASDAQ: MAR) — Goldman initiated the hotel operator's stock as a "buy," noting the upside potential following its purchase of rival Starwood. Marriott was Goldman's only "buy" rated stock in a new report on hotel operators.
Foot Locker (NYSE: FL) — JPMorgan Chase added the athletic apparel and footwear retailer to its "focus list," saying the company was well-positioned in a growing segment of the retail economy.
Cal-Maine Foods (NASDAQ: CALM) — The egg producer lost 64 cents per share for its latest quarter, wider than the 33 cent a share consensus estimate. Revenue was well below forecasts, as well. The company cited challenging market conditions and significantly lower egg prices for its results.
Vail Resorts (NYSE: MTN) — The resort operator lost $1.80 per share for its latest quarter, wider than the $1.67 per share loss predicted by analysts. However, revenue exceeded forecasts, and the company made upbeat comments about its season pass program as well as its recent acquisition of Whistler Blacomb.
—By CNBC's Peter Schacknow
Questions? Comments? Email us at marketinsider@cnbc.com
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