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Early movers: MDT, PVH, DG, SHLD, AAPL, KRFT & more

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Check out which companies are making headlines before the bell:

Medtronic—The medical products maker reported adjusted quarterly profit of $1.16 per share, beating estimates by 5 cents, with revenue also above forecasts. Medtronic's full-year forecast is slightly below Street estimates, however, as it increases the projected negative impact of the stronger dollar.

PVH Corp.—The apparel maker earned an adjusted $1.50 per share for its latest quarter, beating estimates by 12 cents. Revenue was essentially in line, and the maker of Calvin Klein and other apparel brands raised its full-year outlook and announced a $500 million stock buyback. The upbeat quarter came despite the negative impact of a strong dollar.

Dollar General—The discount retailer beat estimates by 3 cents with quarterly profit of 84 cents per share. However, revenue was slightly below Street consensus, as was the company's same-store sales increase of 3.7 percent.

Sears Holdings—The retailer is the target of a shareholder class action lawsuit, which alleges that recently announced store sales were arranged to benefit CEO Eddie Lampert and that they would strip the retailer of its few remaining valuable assets.

Apple—Apple will announce new music services at its Worldwide Developers Conference next week, according to The Wall Street Journal. Re/code also reports that the company will not announce a widely anticipated subscription TV service at the event, despite rampant speculation.

Kraft Foods, Mondelez—The two food companies sought to dismiss two counts in a CFTC case that alleges they manipulated prices in the wheat market. The alleged incidents took place in 2011 before Kraft spun off its snacks business into newly created Mondelez in 2012.

Perrigo—The health care supplier acquired a number of over-the-counter brands from GlaxoSmithKline for an undisclosed price.

Fiat Chrysler—The automaker has delayed redesigns or releases of at least a dozen vehicles in North America, according to a Reuters report. The story goes on to say that the delays allow the company to put off billions in investments while searching for a partner.

Ford Motor—Ford will reduce summer shutdowns in North America this year, allowing it to produce about 40,000 additional vehicles.

HSBC Holdings—The bank is set to cut thousands of jobs globally, according to a Sky News report.

Mylan—Mylan accused Teva Pharmaceutical of violating anti-trust laws by acquiring a Mylan stake, even as it seeks to take over the drug maker. Teva has a newly disclosed 1.35 percent stake in Mylan, following a $40 billion unsolicited offer.

FedEx—The logistics and delivery company will take $276 million in charges as it accelerates aircraft retirements.

Intel—Intel was downgraded to "market perform" from "outperform" at BMO Capital, which takes a negative view of Intel's acquisition of chipmaker Altera.

Anheuser-Busch InBev—Susquehanna upgraded the beer brewer's stock to "positive" from "neutral," to reflect what the firm sees as "imminent" consolidation in the beer industry.

Bojangles'—Jefferies began coverage on the restaurant chain with a "buy" rating, pointing to a strong breakfast business and good growth prospects.

Big Lots—Barclays upgraded the discount retailer to "overweight" from "equal weight," saying the company has made "meaningful progress" on its initiatives while the stock has been pulling back.

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