Early movers: DOW, DD, KO, UTX, BABA, YHOO & more

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

Take a look at some of Friday's early movers:

DuPont, Dow Chemical — the two U.S. chemical giants officially agreed to merge in an all-stock deal to form a combined company valued at $130 billion. The new company, which would be called DowDuPont, is expected to eventually separate into three entities.

Alibaba Group — the Chinese e-commerce giant announced Friday it will acquire the Hong Kong-based English-language newspaper South China Morning Post (SCMP) and other media assets of SCMP Group Limited.

Yahoo — the firm's SVP of advertising products, Prashant Fuloria, is the latest Yahoo executive to leave, Re/code reported, citing an internal memo.

Adobe Systems — the software company posted profit that beat expectations for the ninth quarter in a row on strong subscriber growth for its Creative Cloud, which includes products such as Photoshop. Revenue was essentially in line, while guidance for the first quarter and full-year 2016 were mostly below expectations.

Coca-Cola — the Indian subsidiary of the beverage maker said Friday it may have to close some bottling plants if the local government enacts a 40 percent "sin" tax on fizzy drinks.

Expedia — the German Federal Cartel granted clearance for Expedia's acquisition of HomeAway, an SEC filing showed. In late November, the FTC granted antitrust clearance for the deal, first announced on Nov. 4.

JetBlue — the low-cost airline gave disappointing fourth-quarter guidance for passenger revenue per available seat mile (PRASM), which the fcompany expects to decrease 2 to 3 percent from last year due to negative factors such as holiday timing.

United Technologies — the U.S. aerospace and building systems conglomerate raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan in an effort to reduce costs.

United Parcel Service — UPS is straining to handle greater-than-expected holiday volume from an online sales surge, The Wall Street Journal said. The disruptions could be troubling for this shopping season.

Wal-Mart — the retail giant's marketing head Stephen Quinn will retire in January, the company said Thursday. Wal-Mart will also hire former Target marketing chief Michael Francis as a consultant beginning next year.

Comcast — DreamWorks Studios has struck a deal for a $200 million equity investment by entertainment company Participant Media, and will shift to Comcast's Universal Pictures for distribution before the end of the year, Variety reported, citing sources familiar with the situation.

Disclosure: Comcast is parent of NBCUniversal and CNBC

Reuters contributed to this report