Early movers: JPMorgan, Intel, US Steel & More
Check out which companies are making headlines before the bell on Monday:
JPMorgan Chase —The New York Times reports that the bank is being investigated by the SEC for its hiring practices in China. According to the report, regulators want to know whether JPM hired the children of Chinese officials in efforts to boost its business prospects in that country.
Intel — Piper Jaffray upgraded the chipmaker's stock to "neutral" from "underweight," saying it expects a modest corporate refresh cycle despite the decline in PC sales.
U.S. Steel — The company has named Mario Longhias as its new CEO, effective September 1. Longhias is currently the steel maker's president and chief operating officer, and will succeed the retiring John Surma.
Live Nation Entertainment — Nathan Hubbard, CEO of Live Nation's Ticketmaster division, has resigned, although he will serve as a consultant through the end of the year.
Chesapeake Energy — Investor Carl Icahn has increased his stake in Chesapeake to 9.98 percent from 8.98 percent, according to an SEC filing.
Yahoo — Yahoo has named Maynard Webb permanent chairman. Webb had taken over as interim chairman in April following the departure of Fred Amoroso. Webb has a long career in Silicon Valley, including a stint as chief operating officer of eBay from 1999 to 2006.
Edwards Group — Edwards is being bought by Sweden's Atlas Copco in a deal worth $10.50 per share, a 24 percent premium to Friday's closing price. Edwards is a British industrial technology firm.
ConocoPhillips — The oil company sold its assets in Trinidad and Tobago for $600 million, as it continues to shed non-core assets.
PulteGroup —Wells Fargo raised its rating on the home builder's shares to "outperform" from "market perform," citing a "compelling" valuation.
Lumber Liquidators — The hardwood flooring retailer is the subject of new coverage at Jefferies, which rates it a "buy." The firm sees a "long runway" for profitable growth because of the retailer's low price, high quality strategy.
Apache — The energy producer's shares have been cut to "hold" from "buy" on the basis of its Egyptian exposure, following the unrest in that country.
Norwegian Cruise Line — UBS upgraded the cruise line operator's stock to "buy" from "neutral."
Zillow — The real estate web site operator has announced a 2.5 million share secondary offering, and will use the proceeds for "general corporate purposes". Separately, Zillow has bought NYC-focused online real estate site StreetEasy for $50 million.
Dollar General — The retailer's stock was upgraded to "overweight" from "neutral" at JPMorgan Chase, on the view that Dollar General is now set up to deliver sustainable mid-teens or better earnings growth.
Ross Stores — The discount retailer's shares were upgraded to "overweight" from "equal-weight" at Morgan Stanley. The broker said off-price retailers will benefit from weakness in mid-tier retail results.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Peter Schacknow
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