Check out which companies are making headlines before the bell:
Sears Holdings—The retailer reported an adjusted quarterly loss of $1.37 per share, smaller than the $1.89 consensus estimates. Revenue was below consensus, and same-store sales at both Sears and Kmart fell. Sears also said it expects to complete its previously announced spinoff of 200 to 300 stores into a REIT by May or June, which should bring in more than $2 billion.
Kohl's—The retailer reported quarterly profit of $1.83 per share, 3 cents above estimates, with revenue very slightly above forecasts. Kohl's also increased its dividend by 15 percent to 45 cents per share from the prior 39 cents.
Chico's FAS—The women's apparel retailer beat estimates by 3 cents with adjusted quarterly profit of 5 cents per share, with revenue well above analyst forecasts. It also announced an organizational realignment that will reduce its corporate headcount by 12 percent, and close 120 stores over the next two years.
Dunkin' Brands, JM Smucker, Keurig Green Mountain—An expanded partnership agreement between the three will mean Dunkin's K-Cup coffee packs will now be sold online and in stores. Previously, they had only been available in Dunkin' Donuts locations. Smucker will market those Keurig-made K-Cups to grocery chains and club stores, while Keurig will market to specialty stores and office supplies stores.
American Express—Deutsche Bank upgraded Amex to "buy" from "hold," saying the company should be able to restore its earnings power sooner than expected despite the loss its exclusive agreements with Costco and JetBlue.
T-Mobile US—Citi upgraded the stock to "buy" from "neutral," following a meeting with management. Citi is upbeat about T-Mobile's "Un-carrier" marketing strategy.
L Brands—The Victoria's Secret parent reported quarterly profit of $1.89 per share, 9 cents above estimates, while revenue was also above forecasts. However, its current quarter and full-year outlook is below analyst forecasts.
Salesforce.com—The cloud software provider earned an adjusted 14 cents per share for its latest quarter, matching estimates, as did its revenue figure. Salesforce raised its full-year revenue forecast as it sees higher sales for its customer relationship offerings, but its current quarter earnings guidance is shy of Street estimates.
Workday—The company lost 6 cents per share for its latest quarter, matching estimates, while revenue exceeded forecasts. Its current quarter revenue guidance is also stronger than analysts had anticipated, as it sees strong growth for its subscription-based human resources software.
Citigroup—The bank cut estimates of possible legal costs to $4 billion from $5 billion, according to an SEC filing.
Morgan Stanley—The financial services firm reached a $2.6 billion settlement with the Department of Justice, resolving claims connected to a probe of mortgage-backed securities sales. The settlement will lower the firm's full year earnings by $1.35 per share.
General Motors—The automaker will stop manufacturing cars in Indonesia, shutting an assembly plant and cutting 500 jobs.
Royal Bank of Scotland—RBS is pulling its investment banking operations out of 25 countries to focus on lending in Great Britain. It also reported a 2014 loss of $5.4 billion.
UIL Holdings—The utility company is being bought by Spanish utility Iberdrola for about $3 billion in cash and stock. Iberdrola will combine its US unit with UIL and create a new publicly traded company.
Cyberonics—The medical device maker will buy Italy's Sorin for about $1.4 billion in stock. Both companies make devices for cardiac surgery and other specialties.
Anheuser-Busch Inbev—The beer brewing giant raised its annual dividend by 46 percent and announced a $1 billion share buyback, as well as forecasting improved beer sales.
Emulex—The maker of networking products is being bought by chip maker Avago Technologies for about $606 million in cash.
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