Early Movers: WMT, CS, BA & More
Check out which companies are making headlines before the bell Wednesday:
Wal-Mart - The world's largest retailer announced that probes into alleged foreign bribery at its stores are likely to result in a financial loss. Separately, the company said it would start using stores to get Internet orders to shoppers faster, amid growing competition from online rivals such as Amazon.com.
Credit Suisse - The financial company said it would acquire Morgan Stanley's wealth management division in Europe, the Middle East and Africa, with total assets under management of $13 billion.The purchase is expected to be completed later this year.
(Read More: Bulls Revved Up to Take Out Next Stocks Milestone)
Boeing - The jet maker's 787 Dreamliners face a temporary ban on some of the transocean flights, which would be a costly new challenge for the company. The plane was grounded worldwide since January after lithium-ion batteries overheated on two of its 787s. Grounding the Dreamliner already has cost Boeing an estimated $450 million in lost income and compensation payments to airlines.
Ford Motor - The U.S. automaker said it is recalling about 3,500 Taurus, Explorer and Lincoln MKS models around the world to repair fuel tanks equipped with an improperly molded seam.
Goldman Sachs - Susquehanna raised its target price on the financial giant to $170 from $165 with a "positive" rating.
Verizon - JPMorgan lifted its target price on the wireless communications firm to $51 from $48 with a "neutral" rating.
Cliffs Natural Resources - Morgan Stanley downgraded the iron ore and metallurgical coal producer to "underweight" from "equalweight."