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Early movers: NVS, RIG, FB, BBY, BA, AMZN & more

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

Novartis–The pharmaceutical giant is selling its blood transfusion testing unit to Spain's Grifols (GRFS) For $1.7 billion.

ViroPharma— ViroPharma, which specializes in treatments for rare diseases. is being bought by London-based Shire for $50 per share, 27 percent above ViroPharma's Friday closing price.

Transocean—Activist investor Carl Icahn has reached an agreement with Transocean that sees the oilfield services company paying out a $3 per share dividend, as well as reducing the number of board seats.

Facebook —Director Marc Andreessen's venture firm Andreessen Horowitz has sold about one third of its Facebook stake, according to an SEC filing. The firm still holds nearly 4.6 million shares of the social networking giant.

Best Buy – Best Buy has joined the growing list of retailers planning to open on Thanksgiving Day. The nation's largest electronics retailer will open on Thanksgiving at 6 p.m., joining Toys R Us, Macy's, J.C. Penney, and Kohl's. Separately, UBS has upgraded the stock to "buy" from "neutral" on prospects for earnings growth.

Boeing —The Washington state legislature passed legislation extending tax breaks for the jet maker. Those breaks are designed to convince Boeing to produce its new 777X jet in the Seattle area.

Bank of America – A court filing by the federal government is demanding BofA shell out $864 million in damages after the bank was found liable for fraud over mortgages sold by its Countrywide unit.

Johnson & Johnson – J&J has stopped selling some of its products on Amazon.com, according to the Wall Street Journal. The report said J&J is upset because Amazon is not doing enough to stop third-party merchants from selling expired items.

Amazon.com– A new agreement between Amazon and the U.S. Postal Service will allow members of the retailer's Amazon Prime program to receive package deliveries via the USPS on Sundays in the New York and Los Angeles markets. The service will be expanded to other cities next year.

Cooper Tire–Cooper lost a court dispute with buyout partner Apollo Tyres, with a judge ruling that Apollo did not breach its $2.5 billion agreement to buy Cooper in not accepting a union labor agreement that Cooper had negotiated.

Mitel Networks –The provider of videoconferencing services is buying Canadian rival Aastra Technologies for $374 million in cash and stock.

Express, Ann–Goldman Sachs has begun coverage on the two retailers, issuing a "sell" on Ann and "buy" on Express. The firm cites expectations of "outsized" earnings growth for the latter, while expressing concerns about elevated inventory levels for the former.

Eli Lilly – Goldman Sachs cut the drug maker's stock to "sell" from "neutral", pointing to concerns about Lilly's pipeline.


—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.