Early movers: TSN, BRKB, TWC, AAPL, QCOM & more
Check out which companies are making headlines before the bell on Monday:
Tyson Foods —The poultry producer reported fiscal third quarter profit of 69 cents per share, excluding certain items, nine cents above estimates, with revenue beating consensus as well. Tyson saw record results in its chicken segment during the quarter.
Berkshire Hathaway —Warren Buffett's company earned $2,763 per class A share for the second quarter, beating estimates of $2,163. Berkshire's earnings increase was helped by gains in the value of derivative contracts as well as its investments.
Time Warner Cable —The cable operator has dropped CBS stations from its systems in New York, Los Angeles, and other markets, as the two sides were unable to come to agreement on transmission fees despite extending a deadline several times.
Apple —Apple will be able to sell some older versions of its iPhone and iPad, after the White House overturned the International Trade Commission's ban on the sale of those items. The panel had originally ruled that the devices infringed a patent held by Samsung.
Kraft Foods —Jefferies downgraded Kraft to "hold" from "buy", both on a valuation basis and on concerns about increased competition.
Qualcomm —Piper Jaffray downgraded Qualcomm stock to "neutral" from "overweight", citing concerns about falling smartphone demand.
Isis Pharmaceuticals —The drug maker said a rheumatoid arthritis treatment did not show statistically significant results in a Phase 2 study.
Goldman Sachs — Goldman and the London Metal Exchange are co-defendants in a class action lawsuit involving aluminum storage. Both LME and Goldman say the suit, which alleges monopolistic behavior, is without merit.
IAC/InteractiveCorp — The Internet holding company has sold Newsweek to digital media company IBT Media for an undisclosed price.
JetBlue — The airline will unveil a new plan today to add premium seats to some of its flights. The seats will be part of "suites" and will convert into beds that lie flat, along with other amenities.
Cablevision — CEO James Dolan told the Wall Street Journal his company could eventually stop offering television service and make broadband its primary product.
Facebook — The stock finished Friday trading above its IPO price of $38 for only the second time in its history, and the first time since its debut day on May 18, 2012.
Fossil —Barclays downgraded the fashion accessories maker's stock to "underweight" from "equal weight".
HSBC —The bank posted a 23 percent increase in profit for the first half of the year, earning $10.28 billion compared to $8.44 billion in the same period a year ago.
Steve Madden —Goldman Sachs upgraded the shoe retailer's stock to "buy" from "sell", on capital allocation strategies that the firm sees as favorable to shareholders.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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