Check out which companies are making headlines before the bell:
Citigroup–The troubled mega bank announced a $7 billion settlement with the Justice Department involving mortgage securities sold ahead of the 2008 financial crisis. Citi will take a $3.8 billion charge against second quarter earnings. Separate, the bank also saw a profitable earnings quarter, posting profit of $1.24 a share against Wall Street estimates of $1.05 per share.
Apple–The stock was upgraded to "overweight" from "equal weight" at Barclays, saying CEO Tim Cook has solidified his strategy and regained the confidence of shareholders. Separately, Apple is denying charges by China that location-tracking software in its iPhones represents a threat to national security in that country.
Sotheby's, eBay–The two are expected to announce a partnership to stream Sotheby's sales worldwide, according to the New York Times. Separately, eBay was downgraded to "sector perform" from "outperform" at Pacific Crest Securities, saying the company currently lacks positive catalysts, and that Amazon.com and Priceline are better picks in large cap e-commerce.
TripAdvisor–Nomura downgraded the travel review site operator to "neutral" from "buy" on a valuation basis, noting the 30 percent year-to-date gain in the stock.
Ryder–The commercial fleet supplier increased its quarterly dividend to 37 cents per share from 34 cents.
General Electric–The industrial giant's joint venture with France's Safran, CFM International, has won a $2.6 billion engine order from American Airlines Group. The order involves engines for 100 Airbus A320neo jets.
Weatherford international–The oilfield services company has struck a deal to sell Russian and Venezuelan assets to Russian energy producer Rosneft. The amount of the deal, which will require a series of approvals, was not disclosed.
—By CNBC's Peter Schacknow
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