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Early movers: MW, JOSB, DRI, MSFT, AAPL, C & more

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Check out which companies are making headlines before the bell:

Men's Wearhouse, Jos. A. Bank–The two clothing retailers have entered into a non-disclosure agreement, under which they will exchange certain confidential information. Last week, Jos. A. Bank rejected a $63.50 per share takeover bid, but said it would be willing to engage in talks about a higher offer.

Darden Restaurants–The restaurant chain is making an investor presentation focusing on increasing shareholder value this morning, and is still planning to spin off its Red Lobster chain despite calls from a major shareholder to delay that move.

Berkshire Hathaway–Warren Buffett's company reported record profit in its latest annual letter to shareholders. Buffett will appear on this morning's edition of Squawk Box until 9 a.m. Eastern, giving his thoughts on both his company and the overall market outlook, as well as answering viewer questions.


Citigroup–Citi is reportedly the subject of an SEC investigation, after the bank disclosed fraudulent loans in its Mexican unit on Friday. The SEC is said to be looking into possible accounting fraud and violations of the Foreign Corrupt Practices Act, according to Reuters.

Microsoft–The software giant's executive vice presidents, Tony Bates and Tami Reller, are leaving the company, according to Re/Code's Kara Swisher. New CEO Satya Nadella informed employees of the changes on Friday.

Tyco–Tyco is selling its South Korean security business to the Carlyle Group for $1.93 billion in cash.

Caesars Entertainment–The casino operator has sold Bally's Las Vegas and other properties in that city to Caesars Growth Partners for $2.2 billion.

SodaStream–Barclays downgraded the stock to "equalweight" from "overweight". That comes after SodaStream's earnings report last week, in which it forecast 2014 revenue growth below analyst estimates.

Nokia–Canaccord Genuity upgraded the stock to "buy" from "hold", based on an anticipated increase in licensing revenue.

Apple–The company has rolled out its "CarPlay" technology today, with Mercedes, Volvo, and Ferrari the first automakers to include it. "CarPlay" allows iPhone users to receive messages, use maps, and make calls more easily.

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 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.