Early Movers: BA, BUD, UTX & More
Check out which companies are making headlines before the bell on Monday:
Boeing - Indonesia's Lion Air, traditionally a Boeing client, has struck a deal with rival Airbus to buy 234 jets worth as much as $24 billion at list prices.
Anheuser-Busch InBev, Constellation Brands - Anheuser-Busch and the U.S. Justice Department have jointly asked a court to extend a stay on current litigation involving its $20.1 billion deal to buy Mexico's Grupo Modelo. The beer brewer issued a statement saying it has made substantial progress in resolving DOJ's concerns about the deal. The biggest beneficiary of this news from a stock perspective may be Constellation, which is buying assets from AB InBev to help satisfy DOJ's concerns.
United Technologies - The Dow Jones Industrial Average component has been upgraded to "buy" from "neutral" at Citigroup, citing an attractive valuation and the end of a transition period followings its acquisition of Goodrich.
(Read More: See the Day's Top Percentage Winners & Losers)
Facebook - The company has appointed Mike Schroepfer as its new chief technology officer. Schroepfer had previously served as vice president/engineering at Mozilla, the company behind the Firefox web browser.
Avis Budget Group - Avis has appointed Mark Norman as chief executive officer of just-acquired Zipcar, replacing Scott Griffith. The news was confirmed in a memo sent by Griffith to employees late Friday.
Walt Disney - Disney had another good weekend at the movie box office, with its "Oz the Great and Powerful" ranking No. 1 for the second consecutive week. The movie took in $42.2 million in North American ticket sales, easily beating "The Call," which was a distant second with $17.1 million in sales.
Verizon Communications - The telecommunications giant has been upgraded to "buy" from "neutral" at Citigroup, which now sees Verizon executing a buyout of Vodafone's stake in Verizon Wireless that provides tax efficiency for Vodafone and earnings accretion for Verizon.
Hewlett-Packard - HP has been upgraded to "overweight" from "equal weight" at Morgan Stanley. The firm points to positive momentum in both free cash flow and earnings, which will accelerate the timing of cash being returned to investors.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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