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Check out which companies are making headlines before the bell:

General Motors—The Center for Auto Safety said 303 deaths were caused by airbags that failed to deploy in some of the 1.6 million cars that were recalled last month and that safety regulators should have initiated a defect investigation. GM said the new report was based on raw data and without rigorous analysis.

General Mills–The food company is guiding current quarter , due to lower volume and negative currency effects.

Hibbett Sports–The sporting goods retailer reported fourth quarter profit of 64 cents, six cents below estimates. The sporting goods retailer cited winter weather as slowing down its January sales, and it's also forecasting full-year earnings below Street consensus.

Source: Pepsico | Facebook

Intercept PharmaceuticalsCiti raised its price target for the drug maker's stock to $700 from $600, while maintaining a "buy" rating.

PepsiCo–The beverage giant has been criticized once again by activist investor Nelson Peltz, who has been pushing Pepsi to separate its beverage and snacks businesses. Pepsi said its board has "thoroughly reviewed" Peltz's proposal and concluded they "would not maximize shareholder value".

Herbalife–The nutritional products maker postponed its annual shareholders meeting by five days to April 29, as it continues discussions with investor Carl Icahn about new board nominees. Herbalife is being investigated by the FTC as it fights accusations by investor Bill Ackman that it is a "pyramid scheme".

Aeropostale–The company reported a fourth quarter loss of 35 cents per share, four cents wider than analysts had estimated. Revenue fell short of consensus as well, with the teen apparel retailer seeing a 15 percent drop in same-store sales during the quarter. It also announced Sycamore Partners has taken a five percent stake in the company.

Ulta Salon–The beauty products retailer beat estimates by two cents with quarterly profit of $1.09 per share, with revenue also above forecasts on better than expected sales growth. However, the company also forecast a current quarter profit below Wall Street estimates.

Mattress Firm–Mattress Firm earned 30 cents per share, excluding certain items, for the fourth quarter, a penny above estimates. The mattress retailer's results were boosted by a strong increase in same-store sales, and it boosted its earnings outlook for the current fiscal year.

BP–The oil and gas giant will be allowed to bid for U.S. government contracts, after a ban was lifted by the Environmental Protection Agency. The ban had been put into effect after the 2010 Gulf oil spill.

AT&T–The wireless carrier has won FCC approval for its $1.2 billion acquisition of Leap Wireless, and has closed that deal.

JPMorgan Chase–The bank's chief equity strategist Thomas Lee has left the firm, according to CNBC's Kate Kelly.

Liberty Media–Liberty has dropped its bid to buy all of satellite radio operator Sirius XM. Instead, it will split its cable and media assets into two new tracking stocks, Liberty Broadband and Liberty Media Group. In January, Liberty had offered to buy out the portion of Sirius it didn't already own for more than $10 billion.

Target–The embattled retail giant said its security software did detect potentially malicious activity during the now widely publicized data breach, but did not take immediate action. The statement followed earlier reports from the retailer's security software, made by FireEye .

Zumiez–The teen apparel retailer reported fourth quarter profit of 61 cents per share, excluding certain items, missing estimates by a penny. Its earnings guidance of break even to 5 cents per share for the current quarter falls below Street estimates of 10 cents. Zumiez said its results have been hit by a "highly promotional" retail environment.

Arcos DoradosCascade Investment, the investment fund controlled by Microsoft founder Bill Gates, has taken a 6.7 percent stake in Arcos, the world's largest McDonald's franchisee.

U.S. Steel–The steel maker's stock was cut to "underperform" from "neutral" at Credit Suisse.

By CNBC's Peter Schacknow

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