Early Movers: CPWR, CCL, MSFT & More

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

Compuware - The software company said it would earn between $0.05 and $0.06 per share for the current quarter and $0.26 to $0.28 per share for the year. Both numbers are well below Street expectations, with Compuware saying that many deals that it had expected to close during the quarter have been delayed by clients who hadn't yet finalized their IT budgets.

Carnival - The cruise line operator is suffering from more mishaps, with the Carnival Triumph breaking loose from its moorings in Alabama because of high winds, with some reports saying that the ship sustained visible damage. The Triumph is the same ship that had to be towed to Alabama last month after an engine room fire caused the ship to lose power.

Microsoft - Bank of America/Merrill Lynch has downgraded the stock to "neutral" from "buy," saying the Windows product cycle and stock buyback programs haven't given Microsoft the expected boost.

(Read More: See the Day's Top Percentage Winners & Losers)

McCormick - McCormick has announced a $400 million stock buyback program, with the spice maker expecting to complete a current program of the same size sometime this year.

Lululemon Athletica - Lululemon is looking for a new chief product officer, following the news that Sheree Waterson is leaving the company. The news comes after the company pulled a popular line of yoga pants from stores for being too sheer. The company also said it's revamping its testing and oversight procedures.

Delta Air Lines - Delta is suing the U.S. Export-Import Bank over loan guarantees it gave to support purchases of Boeing aircraft by foreign airlines. Delta said that support helps lower costs for non-U.S. carriers.

Clearwire - Clearwire has been offered financing by Crest Financial, its largest minority shareholder. The move is designed to make Clearwire less dependent on majority owner Sprint Nextel for financing. Clearwire agreed to a takeover by Sprint in December, but Crest is among the shareholders saying the deal undervalues Clearwire.

General Electric, American International Group, and Prudential Financial - These companies are among non-banks which could get a "systemically important" tag, according to The Wall Street Journal. New rules unveiled yesterday by the Federal Reserve don't name specific banks, but do give criteria for which firms might qualify for that designation.

Provident New York, Sterling Bancorp - The two banks are merging in a stock-for-stock deal valued at $344 million.

Alcatel-Lucent - Deutsche Bank has raised its rating on the telecommunications equipment maker to "buy" from "hold," saying the company has the key ingredients in place for a turnaround.

Brinker International - Goldman Sachs has upgraded the parent of the Chili's restaurant chain to "buy" from "neutral," citing cost cuts, remodeling, and traffic growth at the company's restaurants.

Panera Bread - Goldman Sachs has upgraded Panera to "Conviction Buy" from "neutral," saying Panera has a strong growth trajectory.

Best Buy - The nation's largest electronics chain confirmed to CNBC that it is putting the iPad 3 on sale for 30 percent off, and is also opening Samsung-branded "stores within a store."

(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.