Check out which companies are making headlines before the bell:
Hertz Global–Hertz has adopted a so-called "poison pill" after seeing what the car rental company calls "unusual and substantial activity" in the company's shares.
FedEx–The carrier is being sued by New York City for allegedly delivering millions of untaxed cigarettes over the past seven years. The city wants FedEx to pay $52 million in fines and unpaid taxes.
Hewlett-Packard–The company said it would eliminate 34,000 jobs by the end of 2014, compared to an initial estimate of 29,000. However, HP had said when it first unveiled its restructuring plan in May 2012 that the number of job cuts could increase by that amount.
Phillips 66–Phillips is selling one of its units to Berkshire Hathaway in exchange for Phillips stock already owned by Berkshire. The unit makes chemicals designed to increase flow in energy pipelines.
Apple–Apple is accused of interfering with the work of a lawyer charged with monitoring the company's compliance with antitrust laws regarding electronic books. Attorney Michael Bromwich filed court papers saying he's been denied access to top executives at Apple, which had claimed Bromwich's work was interfering with its business.
Netflix–Netflix has terminated a shareholder rights plan two years early. The plan had been adopted a year ago after investor Carl Icahn took a nearly 10 percent stake in the company. Separately, Netflix gave CEO Reed Hastings a 50 percent salary increase for 2014, according to an SEC filing, after the stock quadrupled in value this year.
Revlon–The cosmetics maker is exiting the China market, and will cut 1,100 positions and take a $22 million dollar charge against earnings as a result.
Twitter–The stock remains on our watch list after falling 17% over the past two sessions. A Pew study out today said more adults use LinkedIn and Pinterest than Twitter, although it added that Twitter attracts a greater proportion of black Americans and young adults.
—By CNBC's Peter Schacknow
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