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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:

Valeant Pharmaceuticals — The drugmaker earned an adjusted $2.50 per share for the fourth quarter, 11 cents below estimates, though revenue did come in above forecasts. Valeant's report had been delayed due to CEO Michael Pearson's medical leave, and the company said this report is considered "preliminary" while it reviews its financial reporting practices and internal controls. The company also cut its revenue forecast for the year.

Darden Restaurants — Activist investor Starboard Value reduced its stake in the Olive Garden parent to 5.2 percent, as it continues to pare down its stake after winning a boardroom battle and effecting changes at Darden over the past 18 months.

Apple — Apple's latest response to the Justice Department in its high profile encryption case is due today, with the DOJ trying to compel Apple to unlock the iPhone of one of the San Bernardino shooters. Separately, Morgan Stanley issued a report which sees iPhone demand ahead of consensus.

Mead Johnson Nutrition — Published reports say the nutritional products maker is working with bankers at Lazard, following expressions of takeover interest from Nestle and Danone.

DSW — The shoe retailer doubled estimates with profit of 14 cents per share, while revenue was well above forecasts. That came despite long-term planning moves that impacted short-term profit margins.

FactSet — The provider of financial research earned an adjusted $1.59 per share for its latest quarter, seven cents above estimates, while revenue was slightly below forecasts.

Tiffany — Citi downgraded the luxury goods retailer to "neutral" from "buy," after the stock rebounded about 20 percent from its most recent low. Citi said it does not have confidence that near term sales trends will improve.

Whirlpool –— JPMorgan Chase upgraded the appliance maker to "overweight" from "neutral," saying it's attractive on a valuation basis even as it has outperformed its peers in recent months.

General Electric — GE announced that two of its longest-serving board members won't seek reelection. Former JPMorgan Chase chairman Douglas Warner and Harvard Professor Emeritus James Cash are stepping down, along with Cornell business school Dean Emeritus Robert Swieringa. GE also said CEO Jeff Immelt's compensation fell about 11.5 percent last year to $33 million.

Outerwall — Outerwall is exploring strategic alternatives, a month after activist investor Engaged Capital took a stake and criticized the Redbox parent for "persistent failures." Outerwall also doubled its quarterly dividend to 60 cents per share.

Avon Products — Avon is cutting about 2,500 jobs and also plans to move its corporate headquarters to the U.K. from the U.S. The cosmetics maker will take a $60 million charge for job cuts during the current quarter.

Dover Corp. — Dover warned that its first quarter results will be well below its prior forecast. The industrial equipment maker — which supplies components for oil wells — is being hurt by the ongoing energy industry slump.

Toyota — Toyota is close to a deal to raise monthly wages in Japan by 1,500 yen (about $13), half of the increase its labor unions had sought.

General Motors — GM and ride-sharing service Lyft unveiled a new car rental joint venture, which will make cars available for rent to both Lyft customers and Lyft drivers.

Sony — Sony signed a deal to buy Michael Jackson's stake in the Sony/ATV music publishing operation for $750 million. Sony/ATV is the world's largest music publisher.

Verizon — A Verizon unit signed a new deal with Cuban telecom operator Etecsa which will allow direct connections between the U.S. and Cuba.

Las Vegas Sands — The casino operator successfully convinced the Nevada Supreme Court to throw out a $100 million verdict against it. The case involved a Hong Kong businessman who had argued that he helped the company enter the Macau gaming market and had not been sufficiently compensated for that aid.

AIG — Three of the insurance company's units will pay more than $9.5 million to settle claims that they steered clients toward higher-fee mutual fund shares.

Amazon.com — Amazon is launching AWS Data Migration Service today, a business that will help companies transport data from their own computers to Amazon data centers.