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Early movers: AAPL, KING, BA, IBM, APP, ADM & more

Trader on the floor of the New York Stock Exchange, May 21, 2014.
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Trader on the floor of the New York Stock Exchange, May 21, 2014.

Check out which companies are making headlines before the bell:

Apple—The company hired a senior executive from Swiss watch maker Tag Heuer, ahead of an anticipated fall launch of an "iWatch."

IBM–Big Blue's deal to sell its low-end server business to Lenovo Group for $2.3 billion has received the approval of the Chinese government, and is expected to be completed by the end of the year. U.S. regulatory approval is still required to complete the transaction.

American Apparel–The company is said to be in talks with hedge fund Standard General about funding that would let the retailer pay off a loan, as well as replace most of its board, according to the Wall Street Journal. Standard General owns 43 percent of the company's stock.

AbbVie–AbbVie is expected to announce a higher bid for drug maker Shire in the next few days, according to London's Sunday Times.

Expedia–The company announced a deal to buy Australian online travel company Wotif.com for $660 million.

Archer Daniels Midland–ADM is buying Swiss food ingredients producer WILD Flavors for $3 billion. ADM expects the deal to close by the end of the year, pending regulatory approvals. The deal could put similar stocks like International Flavors & Fragrances on watch as well.

Boeing–The aerospace big beat competitor Airbus in first-half sales, with Airbus reporting 303 deliveries during the first half of the year. Last week, Boeing had reported first-half deliveries totaling 342.

King Digital–The digital game maker has edged above its IPO price in pre-market trading, marking the Candy Crush Saga-maker's 54 percent comeback off its lows that followed its disappointing March debut.

By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

Symbol
Price
 
Change
%Change
AAPL
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IBM
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992
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APP
---
ABBV
---
SHP
---
EXPE
---
WTF
---
ADM
---
IFF
---
BA
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KING
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  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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