In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
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Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
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David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
Check out which companies are making headlines before the bell:
Sears Holdings–The troubled retailer reported a quarterly loss of $2.24 per share, excluding certain items, wider than the $1.87 forecast by analysts. Sears also said it is continuing to evaluate the possible separation of its Sears auto Center unit.
Goldman Sachs–The firm has sold its Designated Market Maker trading rights at the New York Stock Exchange to IMC Financial Markets for an undisclosed amount.
Best Buy–The Big Box chain earned 33 cents per share for the first quarter, 13 cents above estimates, but revenue and comparable store sales were shy of forecasts. Best Buy also said it sees ongoing industry-wide sales declines in many electronics categories.
Patterson– The medical supply company fell five cents short of estimates with fourth quarter profit of 61 cents per share, excluding certain items. Revenue also fell short, and Patterson also gave cautious guidance for the year.
Dollar Tree–The discount retailer reported first quarter profit of 67 cents per share, one cent above estimates, but revenue was slightly shy of forecasts. Dollar Tree did give a fiscal year earnings forecast that fall slightly short of consensus.
Williams-Sonoma —The retailer reported first quarter profit of 48 cents per share, four cents above estimates. Revenue beat consensus as well, and Williams-Sonoma also raised its forecast for the full year as growth in home construction boosts its business.
NetApp–The company beat estimates by five cents with fiscal fourth quarter profit of 84 cents per share, excluding certain items. However, the maker of data storage products forecast profit for the current quarter that falls below analyst estimates, as business customers held back on spending.
Bank of NY Mellon–The bank has sold its office building at 1 Wall Street for $585 million to a joint venture led by Macklowe Properties. The sale is expected to be completed during the third quarter.
L Brands–The company reported first quarter profit of 53 cents per share, one cent above estimates. The retailer did cut the top end of its full year earnings forecast, attributable to the cost of exiting certain non-core businesses.
Charles Schwab–Schwab is being investigated by the SEC for possible violations of money laundering laws, according to Reuters. The online brokerage, along with Bank of America's Merrill Lynch unit, is being probed over whether it is doing enough to investigate the identities of their clients.
Sony —CEO Kazuo Hirai said the company is not considering an exit from its TV manufacturing business, even though that business has lost money each year for the past decade.
–Activision said Vivendi will sell 41.5 million of its shares, with that sale expected to close next week. Vivendi had announced last July that it planned to divest most of its stake in the video game maker, although it will retain a 12 percent stake.
Carnival–Carnival will spend $400 million to cut air pollution from the diesel engines on its cruise ships.
Darden Restaurants–Darden will reportedly be the target of a proxy fight from shareholder Starboard Value. The Wall Street Journal reports Starboard will attempt to take over the entire Darden board, after the company went against Starboard's wishes and sold the Red Lobster chain.
—By CNBC's Peter Schacknow
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