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Traders on the floor of the New York Stock Exchange.
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Check out which companies are making headlines before the bell:

Facebook–The social network has acquired Oculus, a maker of virtual reality glasses for video games, for $2 billion. The deal marks Facebook's first-ever move into hardware.

King Digital–The company behind the popular "Candy Crush Saga" game will debut today on the New York Stock Exchange after pricing 22.2 million shares at $22.50 per share, in the middle of its expected range. That gives King a $7 billion valuation.

Garmin–Citi upgraded the GPS device maker's stock to "buy" from "neutral", saying it is convinced that Garmin's activity tracker "vivofit" is the company's next hit product.

New York Times–The company announced new digital offerings that will debut on April 2, "NYT Now" and "Times Premier."

Movado–The watch maker reported fourth quarter profit of 46 cents per share, trouncing estimates by 16 cents. It forecast full-year earnings above expectations as well, and also announced a 25 percent dividend increase.–The online retailer has taken a 4.2 percent stake in U.K. delivery service Yodel for $14.4 million, according to The Guardian newspaper.

Toyota–Toyota will buy back up to 1.89 percent of its shares worth up to $3.5 billion, subject to shareholder approval.

Boeing–Boeing and Malaysian Airlines are facing a potential lawsuit over MH Flight 370, missing for nearly two weeks. Chicago-based Ribbeck Law has filed a petition for discovery, according to Reuters.

PVH Corp.–PVH reported fourth quarter profit of $1.43 per share, excluding certain items, one cent above estimates. However, the clothing maker's full-year guidance is below Street consensus, with the company saying its bottom line would be impacted by items such as planned investments and foreign currency headwinds.

Five Below–The company beat estimates by two cents with fourth quarter profit of 47 cents per share, excluding certain items, with revenue also above consensus. The discount retailer was helped by new stores as well as increased sales at existing locations.

International Game Technology–The maker of slot machines is cutting its workforce by seven percent as part of an effort to cut costs. The company also cut its earnings outlook for the fiscal year to $1.00 - $1.10 per share, compared to current estimates of $1.20.

Sotheby's–The auction house is responding to a lawsuit filed by investor Third Point, which is seeking to remove a so-called "poison pill" instituted last year. Sotheby's said it believes the shareholder rights plan will help insure that all its shareholders are treated fairly. Third Point maintains that the plan hampers its efforts to institute change in the company's board of directors.

Blackstone Group–The private equity giant is near a deal to buy industrial conglomerate Gates Global for more than $5.5 billion, according to Reuters. Earlier, it had been teaming up with TPG Capital for a joint bid, but TPG dropped out after deciding not to back a higher offer.

Sprouts Farmers Market–The grocery company expects $720 million in first quarter sales, compared to analyst forecasts of $694 million. Sprouts said it is seeing strong comparable store sales growth as well as good performance in new stores.

WebMD–The health information website operator saw its shares rated "buy" in new coverage at SunTrust Robinson Humphrey.

By CNBC's Peter Schacknow

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