Early Movers: DELL, GOOG, SNY & More
Senior Producer, CNBC
Check out which companies are making headlines before the bell on Monday:
Dell - In an SEC filing, Dell says the current $24.4 billion buyout proposal offers the best value for shareholders. That comes amid mounting opposition to the company's $13.65 per share buyout deal. Reports say three more of Dell's largest investors are joining Southeastern Asset Management in objecting to the buyout. Those shareholders feel the deal undervalues the company and that it is worth more than $20 per share.
Google - Executive chairman Eric Schmidt is selling about 42 percent of his stake in the company, or about 3.2 million shares. An SEC filing shows that Schmidt plans to sell the stock over a one-year period.
Sanofi - The FDA is demanding additional tests for a new long-acting insulin made by drugmaker Novo Nordisk. Analysts see the setback as a positive development for Sanofi's rival product Lantus.
Ford - The automaker says the winter storm that hit the Northeast this past weekend should have no major impact on February sales. A Ford executive says there was no significant infrastructure damage, unlike what happened with Superstorm Sandy in October.
Boeing - Boeing completed a weekend test flight of its 787 jet, the first since the Dreamliner was grounded more than three weeks ago. Boeing says the flight "which was taken to test the jet's lithium ion batteries under flight conditions" was "uneventful."
Carnival - The cruise line operator says its Triumph cruise ship is being towed to port, after an engine fire left it without propulsion power. There were no injuries reported, and passengers have food, water, and electricity from generators. However, passengers will be receiving a full refund and future cruise credit.
Apple - Apple is said to be testing a device with a watch-like design, according to reports. The device would use the Apple's iOS platform.
Microsoft's - Microsoft's new Surface Pro tablet is said to be in short supply, according to ZDNet. Microsoft called the reception to the device "amazing" but the report also says stores only received a few Surface Pro models.
Wells Fargo - The bank's shares are being upgraded to "buy" from "hold," citing Wells Fargo's strong management team and superior profitability.
Nike - The athletic footwear and apparel maker's shares have been upgraded to "overweight" from "neutral" at JPMorgan Chase. The firm says Nike's robust product pipeline and strong margins will drive earnings growth over the next few years.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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