Check out which companies are making headlines before the bell:
Apple (AAPL), Starbucks (SBUX)- The European Union is examining tax treatment of Apple in Ireland and Starbucks in the Netherlands to see if any deals are in violation of EU rules. Apple and Irish officials have issued statements saying the company received no special treatment, while Starbucks said it is in compliance with all relevant tax laws.
Orexigen Therapeutics (OREX)-A decision by the Food and Drug Administration (FDA) decision on the company's obesity drug Contrave has been delayed by three months, in order to consider post-marketing safety monitoring.
Micron Technology (MU)-Bank of America/Merrill Lynch upgraded the chip maker's stock to "buy" from "underperform," based on a likely shortage of DRAM chips.
Molson Coors (TAP)-Bank of America/Merrill Lynch upgraded the stock to "buy" from "underperform," citing improved fundamentals in both the U.S. and Europe.
Rambus (RMBS), Qualcomm (QCOM) - The two chip makers have signed a comprehensive patent license agreement involving memory and security technologies. Separately, Rambus raised its second quarter revenue guidance.
AIG (AIG)-Peter Hancock will succeed Robert Benmosche as chief executive officer on September 1. Hancock is currently head of AIG's property-casualty business.
Ulta Salon (ULTA)-Ulta reported first quarter profit of 77 cents per share, three cents above estimates, while forecasting better than expected results for the current quarter. The beauty products retailer also saw comparable store sales rise 8.7 percent for the first quarter, beating forecasts.
Synaptics (SYNA)- The company is buying Japanese chipmaker Renesas (Tokyo Stock Exchange: 6723.T-JP)for $475 million, with the touch screen technology maker also raising its current quarter revenue forecast. Renesas is Apple's exclusive supplier of display chips for the iPhone.
Dunkin' Donuts (DNKN)-The doughnut chain will return to California after being absent from the state for the past 12 years.
Toyota (Tokyo Stock Exchange: 7203.T-JP)-The automaker is recalling 650,000 vehicles in Japan because of possible airbag issues. Toyota had recalled more than two million vehicles for the same reason last year, with the airbags in question all manufactured by Japan's Takata Corp (Tokyo Stock Exchange: 7312.T-JP). Honda, Nissan, and BMW also recalled vehicles last year because of potential problems with Takata-made airbags.
Boeing (BA)- The aerospace big could benefit from news that rival Airbus saw a 70-jet order canceled by Emirates. The order involved 70 A350 jets, the rival model to Boeing's 787 Dreamliner. Airbus said the Emirates decision followed a fleet requirement review, with the airline shifting more towards the A380 superjumbo jet. Separately, RBC downgraded Boeing to "sector perform" from "outperform", with good news on orders already priced into the stock.
Bank of America (BAC)-BofA and the Justice Department have hit an impasse in their talks on a multi-billion dollar settlement of mortgage-related issues, according to the New York Times. The paper said the bank offered more than $12 billion to settle state and federal probes, falling short of what officials are demanding.
Amazon.com (AMZN)-Amazon has stopped taking pre-orders for movies produced by Time Warner (TWX), according to the New York Times, part of a possible contract dispute between the two parties. Separately, Goldman Sachs added Amazon shares to its "conviction" list, citing an extremely favorable risk/reward profile.
IBM (IBM)-Big Blue is close to finalizing a sale of its chip making business to Globalfoundries, according to a Bloomberg report.
-By CNBC's Peter Schacknow
Questions? Comments? Email us at email@example.com
- Investment & Company Information
- Tokyo Stock Exchange