Check out which companies are making headlines before the bell:
Hertz Global (HTZ) - The car rental giant announced the spin-off its equipment rental business, following a report in the FT Monday that it would do so. Hertz will receive $2.5 billion in the transaction, and will use $1 billion of that for a new stock buyback program. Separately, the company reported fourth quarter profit of 26 cents per share, six cents below estimates, and also issued a full-year forecast that's below Street consensus.
DSW (DSW)-The show retailer reported fourth quarter profit of 31 cents per share, excluding certain items, two cents above estimates. Revenue, however, fell below forecasts. The company also raised its quarterly dividend to 18-3/4 cents per share from 12-1/2 cents.
FactSet (FDS)-The financial data provider beat estimates by a penny with fiscal second quarter profit of $1.22 per share, excluding certain items. Revenue also came in above analyst forecasts.
Shutterfly (SFLY)-Cowen cut its rating on the online photo service to "underperform" from "outperform", saying a slowdown in growth and profit is due to increasing competition, pricing pressure, and poor performance in the mobile market.
Hewlett-Packard (HPQ)-Barclays upgraded HP shares to "overweight" from "equalweight", saying HP could gain share over the next several quarters in x86 servers, and may also improve execution in technology services.
Cisco Systems (CSCO)- Barclays cut its rating on the company to "equalweight" from "overweight", citing uneven demand trends and secular headwinds for the networking equipment maker.
American Express (AXP) (AXP) - The financial services giant announced a deal to sell half its business travel division to a newly created joint venture with a group led by New York investment firm Certares.
General Electric (GE)-GE f aces two federal investigations into its credit card business. That news comes from an SEC filing as GE prepares to spin off that unit into a separate company, with regulators looking into whether the unit violated consumer finance laws.
Wal-Mart (WMT)-The retailer plans to let consumers trade in used video games in return for Walmart gift cards. The games will then be refurbished and made available to shoppers.
Sony (Tokyo Stock Exchange: 6758.T-JP)-The company will announce layoffs in its Sony Pictures Entertainment division next week, according to Reuters. Sony would not confirm the story, only telling CNBC that it was "continuously evolving the business to make it more efficient and competitive".
Amazon.com (AMZN)-The online retailer will begin shipping a video-streaming device in early April, according to the Wall Street Journal. The company will make the device available on its website, as well as at retailers like Best Buy (BBY) and Staples (SPLS).
-By CNBC's Peter Schacknow
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