Check out which companies are making headlines before the bell:
Colgate-Palmolive – Citi upgraded the consumer products company's stock to "buy" from "neutral," saying the company's earnings will "recover notably" when current headwinds turn into tailwinds. The report said Colgate generally manages well through tough times and emerges as a stronger player.
Goldman Sachs – In an SEC filing, Goldman revealed it had received a letter from the U.S. attorney concluding that Goldman had violated federal law in connection with the underwriting and sales of residential mortgage backed securities. Goldman said "reasonably possible" legal costs could be $3 billion more than it currently has reserved.
Globe Specialty Metals – Globe is merging with Spain's Grupo FerroAtlantica in a $3.1 billion all-stock merger.
DISH Network – Chief Executive Officer Joseph Clayton is retiring on March 31, to be succeeded in that post by DISH chairman and co-founder Charles Ergen.
Apple – Apple will spend $1.9 billion to build two new European data centers, one in Ireland, the other in Denmark.
HSBC – HSBC reported lower than expected quarterly profit, and cut its stated target for return on equity to "more than 10 percent" from the prior target of more than 12 percent. The bank also apologized for compliance failures at its Swiss private bank.
Honda - Chief Executive Takanobu Ito will step down in late June, to be succeeded by Managing Officer Takahiro Hachigo.
Discovery Communications – Discovery has reportedly been the subject of takeover talks with 21st Century Fox, according to the Australian Financial Review, but a spokesman for Fox in Australia said there is no truth to those reports.
Google – Google won dismissal of a lawsuit that had accused it of forcing Android phone makers to designate Google offerings as the default applications.