GO
Loading...

Early Movers: BP, MSFT, RF & More

Check out which companies are making headlines before the bell on Monday:

BP - A federal judge gives final approval to the oil company's $7.8 billion settlement stemming from the 2010 Gulf of Mexico oil spill. That money will be paid out to more than 100,000 individuals and businesses.

Microsoft - The software giant is not getting the sales pop it usually gets from the introduction of a new operating system, according to The New York Times. Ordinarily, a new version of Windows causes a jump in computer sales, but the paper said the trend is very different this time.

Regions Financial - The bank is the subject of a probe by federal regulators, according to The Wall Street Journal. The paper said regulators are looking at allegations that the bank improperly classified loans that soured during the financial crisis.


Yum Brands - The restaurant operator has received approval from Chinese foods safety authorities for the level of antibiotics and steroids used in chicken served in its KFC restaurants. However, it found high levels of a banned anti-viral drug in one sample. China is Yum's fastest-growing market and is considered key to the company's future.

Facebook - The company reportedly used various methods of tax avoidance to shield 440 million pounds ($580 million) from British taxes, according to London's Sunday Times. Recently, Starbucks was the target of a threatened boycott in Britain for similar reasons, and promised to change its tax practices.

Aegerion Pharmaceuticals - The U.s. Food and Drug Administration has approved the drugmaker's Juxtapid for use in treating hypercholesterolemia, a very rare but life-threatening form of extremely elevated cholesterol levels.

J.C. Penney - Oppenheimer said its visits to Penney stores in New York and New Jersey indicated that the retailer's aggressive promotions are helping holiday season sales and will aid its turnaround strategy going into 2013.


(Read More: See CNBC's Market Insider Blog)

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com


  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.