Early movers: CSC, CVEO, BP, ARCP, TM, PBR & more

A trader works on the floor of the New York Stock Exchange.
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A trader works on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Computer Sciences—The company said it would pay a $190 million penalty and restate three years of results. That follows an investigation by the U.S. Securities and Exchange Commission into the company's accounting practices.

CiveoThe provider of temporary and long-term housing for oil workers is the latest oil-related company to cut spending as a result of low oil prices. It's also giving weaker than expected guidance and suspending its quarterly dividend.

BP—The oil giant has begun producing oil from a new Central North Sea field expected to produce more than 50,000 barrels a day at its peak.

Liberty Interactive and Liberty MediaThe companies have signed Chief Executive Officer Greg Maffei to new agreements that will keep him on the job through 2019.

American Realty Capital—The real estate investment trust is the newest target of hedge fund firm Corvex Management, which has taken a 7.1-percent stake in American Realty. Corvex believes that American Realty shares are undervalued and expects to have strategy discussions with management.

PetrobrasThe Brazilian state-run oil company said its ongoing corruption probe may implicate its employee pension fund. Petrobras has also frozen payments to contractors allegedly involved in a kickback scheme.

ToyotaThe automaker will likely fall short of its 2014 China sales goal of 1.1 million vehicles, according to a Reuters report quoting two company executives.

TeslaTesla shares could get a boost on news that China plans to extend sales subsidies on electric and fuel-cell vehicles through 2020. Those subsidies had been scheduled to expire at the end of 2015.

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