Early movers: BABA, FIS, DHI, GE, CREE, FOGO, WFC, GSK, MCD & more

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

Check out which companies are making headlines before the bell:

Alibaba—The China-based e-commerce giant reported adjusted quarterly profit of 59 cents per share, 1 cent above estimates, but revenue was below forecasts and its growth was its slowest in more than three years.

Fidelity National Information Services—The payment technology solutions provider will buy financial software maker SunGard for $9.1 billion in cash, stock, and assumed debt.

D.R. Horton, Toll Brothers—UBS upgraded the two homebuilders to "buy" from "neutral," based on an expectation of increasing sales volume through 2017.

General Electric—GE announced a deal to sell its health care finance unit to Capital One for about $9 billion.

Cree—Cree reported a quarterly loss of 19 cents per share, wider than the 4 cent loss expected by Wall Street analysts. Revenue and current quarter guidance for the lighting products maker were essentially in line.

Fogo de Chao—Fogo earned an adjusted 25 cents per share for its latest quarter, 3 cents above estimates, with the restaurant chain's revenue also above forecasts. The Brazilian steakhouse operator was helped by improved results in the U.S. market.

Fossil—Fossil trounced estimates by 30 cents with quarterly profit of $1.12 per share, but the watch maker's revenue and its full-year guidance are below analyst forecasts. Fossil points to the negative impact of the stronger U.S. dollar, as well as negative sales trends in some of its international markets.

Berkshire Hathaway—Berkshire was put on CreditWatch Negative by Standard & Poor's, pointing to the cash it will spend to buy Precision Castparts for $32.3 billion. Berkshire currently has a rating of "AA" from S&P. The move means S&P might downgrade that rating within 90 days, depending on how the acquisition affects its cash resources.

Wells Fargo—The bank is considering a sale of its crop insurance business, according to Reuters, because of bank regulatory changes.

Pearson—Pearson sold its 50 percent stake in The Economist Group for $730.6 million to Exor, the holding company for the Agnelli family.

GlaxoSmithKline—Glaxo closed a North Carolina factory temporarily after the bacteria that causes Legionnaire's Disease was found in a cooling tower. The move is not expected to result in any supply disruption for Glaxo drugs made at that factory, including the respiratory drug Advair.

Dr Pepper Snapple—The beverage maker is buying an 11.7 percent stake in sports drink maker BodyArmor for $20 million.

Facebook—Facebook is said to be working on an app that is very similar to Twitter, according to Business Insider, which says the app appears to be part of the company's Facebook For Work initiative.

McDonald's—McDonald's has quietly increased the size of its Quarter Pounder, with the uncooked weight increased to 4.25 ounces from 4 ounces.

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