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Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
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T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
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Check out which companies are making headlines before the bell:
Shake Shack—The newly public restaurant chain reported a fourth quarter loss and said same-restaurant sales growth would slow this year.
Box—The cloud storage company reported a larger quarterly loss on increasing operating expenses. Box is disputing calculations that show its loss was larger than estimates, saying the estimates were based on an erroneous share count. Nonetheless, the shares are under pressure in off-hours trading.
Dollar General—The discount retailer matched estimates with quarterly profit of $1.17 per share, though revenue was slightly below estimates. Dollar General also initiated a quarterly dividend of 22 cents per share.
Genesco—The specialty retailer fell 9 cents shy of estimates with quarterly profit of $2.30 per share, but revenue was above Street forecasts. Genesco said it saw strong sales, but also increased profit margin pressures from factors such as foreign exchange rates.
Revlon—The cosmetics company's quarterly profit and sales were short of estimates, but Revlon noted that its 2014 financial performance was its best in years.
American Express, Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Citigroup—These banks and others are on watch, after the Fed approved capital plans for 29 of 31 global banks. The U.S. units of Deutsche Bank and Santander were among the exceptions, while Bank of America was allowed to repurchase stock but ordered to address "deficiencies" in its plans.
GNC—Morgan Stanley upgraded GNC to "overweight from "equal weight," saying the recent nine percent drop on regulatory concerns created a buying opportunity. GNC had faced questions from regulators on labeling practices for its nutritional supplements, but subsequently said an outside study had found its labels to be accurate.
Acadia Pharmaceuticals—The drug maker announced the retirement of its Chief Executive Officer Uli Hacksell, and also said it won't seek FDA approval for its Parkinson's drug until the second half of the year.
Lumber Liquidators—The company will hold a conference call this morning with investors, as it more fully responds to the recent "60 Minutes" story on the safety of its flooring products.
Alibaba—The China-based online retail giant will invest $200 million in Snapchat, as the mobile messaging company engages in another funding round.
United Technologies—The company is exploring strategic options for its Sikorsky helicopter unit. New CEO Greg Hayes told "Squawk Box" the unit's profit margins lag the rest of the company's operations, among other factors.
Pilgrim's Pride, Tyson Foods, and Sanderson Farms—Poultry producers may be under pressure once again today, as various countries ban imports of certain poultry products following the discovery of avian flu in a commercial turkey flock in Arkansas.
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