Market Insider

Early movers: LE, SYY, PBI, WYN, JCP, M, GM & more

Brendan McDermid | Reuters

Check out which companies are making headlines before the bell:

Lands' End—Chief Executive Officer Edgar Huber is resigning, to be replaced by Dolce & Gabbana USA President Federica Marchionni.

Sysco—The food distributor and US Foods have reached an agreement to sell 11 distribution centers in order to win FTC approval of their planned merger. Separately, Sysco matched estimates with adjusted quarterly profit of 41 cents per share, with revenue above consensus.

Pitney Bowes—The company matched estimates with quarterly profit of 51 cents per share, though revenue fell below analyst projections. Pitney Bowes said it is still focused on reducing costs and is still in the early stages of its transformation into a digital products and solutions provider.

Wyndham—Deutsche Bank downgraded the hotel operator's stock to "sell" from "hold," pointing to increasing currency risk and fewer benefits from cutting down on timeshare loan losses. The firm points out that Wyndham is trading at peak multiples at the moment.

JC Penney—The stock was rated a "sell" in new coverage at Evercore, which said the shares are overpriced relative to the retailer's ability to grow.

Macy's—Evercore rated Macy's a "buy" in new coverage, which points to the retailer's stability in a highly competitive industry.

GNC HoldingsThe nutritional products retailer raised its quarterly dividend by 12.5 percent to 18 cents per share.

CRHCRH is buying assets from building supplies rivals Lafarge and Holcim for $7.4 billion. Lafarge and Holcim sold those assets in order to win approval for a merger between the two announced last year.

Intel—The company is buying German communications chip maker Lantiq from private equity firm Golden Gate Capital for an undisclosed amount.

Sony—Sony's PlayStation network has been experiencing outages, though Sony does not mention claims that from the "Lizard Squad" hackers that it caused the network shutdown.

General Motors and MerckThe two are among the companies facing billions in Venezuela currency losses, according to a Reuters analysis.