Check out which companies are making headlines before the bell:
UPS–The delivery service has named chief operating officer David Abney as its new CEO, effective September 1, replacing Scott Davis. Davis will assume the role of non-executive chairman at that time.
Gap —The clothing retailer reporting a one percent increase in comparable store sales for May, beating estimates of a 0.2 percent rise.
Verifone–Verifone reported fiscal second quarter profit of 37 cents per share, excluding certain items, five cents above estimates, with revenue above forecasts as well. The maker of credit card swipe machines did forecast current quarter earnings below current consensus, but many U.S. retailers are expected to continue to upgrade their credit card equipment.
Diamond Foods–The food producer earned 11 cents per share for its third quarter, excluding items, missing estimates by six cents. Weakness in its nut business contributed to the miss, although Diamond said it was pleased with its snack segment, which includes the Pop Secret popcorn brand.
Panera Bread–Panera announced a three year stock buyback program worth up to $600 million, replacing an existing program which had been scheduled to expire in August 2015.
Men's Wearhouse–The clothing retailer reported first quarter profit of 69 cents per share, excluding certain items, four cents above estimates, with revenue beating consensus as well. It also expects its planned merger with Jos. A. Bank to be completed within the next few weeks.
Monster Beverage–The company has been ordered to pay $1.7 million to the Beastie Boys in a copyright infringement suit. The band had accused the beverage maker of using its music in a promotional internet video without permission.
Bank of America–The bank is in talks to settle a Justice Department probe into its handling of mortgages for at least $12 billion, according to Dow Jones.
AIG–The insurance company announced a $2 billion share repurchase program.
Consol Energy–Goldman Sachs raised its rating on Consol to "buy" from "neutral", while cutting its rating on Peabody Energy to "neutral" from "buy." The firm said Consol is benefiting from increased production, while Peabody is being hurt by falling coal prices.
Angie's List–Bank of America/Merrill Lynch upgraded the business review website operator's shares to "buy" from "neutral," saying the company's overall trends are moving in a positive direction and noting that the relatively large number of short sellers may start covering their positions as a result.
Vail Resorts–The resort operator reported quarterly profit of $3.18 per share, beating estimates of $2.92, as its Colorado resorts performed well. It also raised its outlook for the full year.
—By CNBC's Peter Schacknow
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