Check out the companies producing headlines before the bell:
Comcast – Comcast can be offering $65 billion for 21st Century Fox assets in which Fox had already agreed to sell to Walt Disney. The bid by the NBCUniversal in addition to CNBC parent can be worth $35 per share in addition to represents a 20 percent premium over Disney’s all-stock offer. Disney can be lining up financing for a possible counteroffer in which would likely include a cash component, according to The Wall Street Journal. Fox acknowledged receiving the bid in addition to said the idea would likely review the idea.
Oracle – J.P. Morgan Securities downgraded the business software maker’s stock to “neutral” by “overweight,” saying the company’s fundamental performance has been inconsistent even as the stock cost has been rising.
Royal Caribbean – The cruise line operator can be buying a 66.7 percent stake in privately held luxury cruise line Silversea Cruises for $1 billion.
Michaels – The crafts retailer beat estimates by a penny a share, with adjusted quarterly profit of 39 cents per share. Revenue also beat forecasts. Michaels posted a comparable-store sales increase of 0.4 percent compared to a year earlier. However, Michaels gave a weaker-than-expected current-quarter forecast in addition to said comparable sales would likely be about flat.
Tesla – CEO Elon Musk has bought yet another 72,500 shares of the automaker, worth about $24.9 million, according to a Securities in addition to Exchange Commission filing. Musk currently owns about 33.7 million shares worth about $11.6 billion.
Tailored Brands – The company reported adjusted quarterly profit of 50 cents per share, 2 cents a share above estimates. The apparel retailer’s revenue also topped forecasts. However, the parent of Jos. A. Bank, Men’s Wearhouse, in addition to additional apparel chains posted a 2.1 percent increase in comparable-store sales, falling below a 2.5 percent consensus estimate.
Gap – The apparel retailer named former Billabong International in addition to Eddie Bauer CEO Neil Fiske as president in addition to chief executive officer of its flagship Gap apparel brand.
Unilever – Unilever said the idea was “extremely unlikely” in which the consumer products maker’s stock would likely remain in Britain’s FTSE 100 index once the idea moves its headquarters to the Netherlands.
General Electric – GE was urged by France’s finance minister to stick to its commitment to create 1,000 jobs at energy producer Alstom. GE had made in which commitment when the idea bought Alstom’s energy business in 2015, nevertheless GE subsequently said the target was out of reach.
Microsoft – Microsoft can be working on technology in which would likely eliminate cashiers in addition to checkout lines by stores, according to a Reuters report. in which would likely represent a challenge to Amazon’s automated grocery stores.
Mylan – The drugmaker said the idea was informed by the Food in addition to Drug Administration in which its generic variation of GlaxoSmithKline’s inhaled lung drug Advair could not be approved because of “minor deficiencies.” the idea was Mylan’s second rejection for its generic Advair product.
Twitter – Twitter has retooled its service to more prominently suggest news stories in addition to real-time events for users to follow. The adjustments will be rolled out to Twitter mobile app users over the next few months.
Apple – Apple can be working on a feature in which The Wall Street Journal said may make the idea more difficult for law enforcement officials to retrieve data by iPhones. Apple said the feature can be designed to strengthen safeguards against all potential intruders in addition to in which the idea can be not designed to frustrate law enforcement efforts.