Early movers: JCP, MKC, BBRY, C, CPB, HTZ & more
Check out which companies are making headlines before the bell on Thursday:
J.C. Penney - The retailer is seeking to raise as much as $1 billion in new equity to build up cash reserves ahead of the holiday season, according to a Reuters report. However, it is still considering other possibilities to raise that money.
McCormick - The spice maker reported fiscal third quarter profit of 78 cents per share, matching estimates, but expects its full year earnings to be at the lower end of its prior outlook. McCormick points to weaker demand by its quick service restaurant segment.
Hertz Global - The car rental company is cutting its full year earnings forecast because of weaker sales in its airport rental segment.
Air Products - The maker of industrial gases has commenced a search for a successor to chairman and CEO John McGlade, who will retire in 2014. It's also adding three new independent directors. Pershing Square's Bill Ackman had announced a major investment in the company back in July, saying the stock was undervalued.
Jabil Circuit - The contract manufacturer reported fiscal fourth quarter profit of 56 cents per share, excluding certain items, two cents above estimates. Revenue was also above forecasts, but Jabil's first quarter projections are below analyst estimates. Jabil's future results are being impacted in part by its exposure to BlackBerry.
BlackBerry - Fairfax Financial CEO Prem Watsa tells AP he fully intends to follow through on Fairfax's $4.7 billion deal to acquire the smart phone maker. Separately, T-Mobile U.S.will stop stocking BlackBerry handsets in its stores.
Bed Bath & Beyond - Bed Bath & Beyond reported second quarter profit of $1.16 per share, a penny above estimates, with revenue essentially in line with expectations. The home goods retailer has benefited from the rebound in the U.S. housing market.
Citigroup - Citi has struck an agreement with Freddie Mac, and will pay the agency $395 million to resolve any future claims over mortgage repurchases.
Campbell Soup - The company raised its quarterly dividend to 31.2 cents per share from 29 cents, an increase of 7.6 percent.
Caesars Entertainment- The hotel and casino operator announced a secondary common stock offering of 10 million shares.
Nokia - Nokia is reportedly discussing whether to approach rival Alcatel-Lucent about a possible alliance, once Nokia's deal to sell its handset business to Microsoft is complete. Reuters reports no formal talks with Alcatel are underway as yet.
Barclays - The British bank will stop offering wealth management services in about 130 countries by 2016, as well as cut jobs in that unit.
Dun & Bradstreet, Kroll Background America, and LexisNexis - The data companies all said they were victims of cyber attacks. The FBI is investigating those breaches, which are said to be linked to a cybercrime ring that sells stolen personal data.
Owens Corning- Jefferies started the maker of insulation and other products with a "buy" rating, saying it has the most compelling risk/reward in the group.
—By CNBC's Peter Schacknow
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