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Early movers: VA, TSLA, GE, GPS, BX, TIME, FB, HAIN, SPLS, HPQ & 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:

Virgin America — The airline announced a deal to be bought by Alaska Air for $57 per share in cash. Alaska Air beat out JetBlue, which was also interested in buying Virgin America. The carriers hope to close the deal by January 1, 2017.

Tesla — Orders for the automaker's upcoming Model 3 continuing to surge. At last count, reservations had topped 276,000 for the $35,000 car that is due out late in 2017.

General Electric — Bernstein downgraded GE to "market perform" from "outperform" on a valuation basis, after GE shares rose 27 percent over the past year.

Gap — KeyBanc upgraded the apparel retailer to "overweight," saying an increase in apparel demand and a weakening dollar will help the parent of the Gap, Old Navy, and Banana Republic chains.

Smith & Wesson — BB&T cut its rating on the gun maker to "hold" from "buy," both on a valuation basis after the stock's rise as well as a slowdown in insider buying.

J.M. Smucker — Goldman Sachs downgraded the food maker's stock to "sell" from "neutral," saying it expects a series of negative earnings estimate revisions due to challenges in both core and recently acquired businesses.

Blackstone — Blackstone bought Hewlett Packard Enterprise's 60.5 percent stake in India-based outsourcing services firm MphasiS, and also offered to buy a 26 percent stake from public shareholders. That puts Blackstone's total possibly outlay at $1.1 billion. Separately, Blackstone denied a report that it is considering a deal to buy Brazilian mall operator BR Malls Participacoes.

Time Warner — Time Warner shares could jump 25 percent over the next year, according to a Barron's article. The paper points to the box office success of "Batman vs. Superman," as well as a slate of nine more superhero movies in the works.

SunEdison — SunEdison is planning to file for bankruptcy protection within weeks, according to The Wall Street Journal. The paper said the solar power company is in talks with creditors for a loan to fund operations during the bankruptcy filing process.

Time Inc. — The publisher is considering a partnership with a private equity firm to bid for Yahoo's internet assets, according to Reuters.

Facebook — Facebook's Oculus unit is experiencing delays in shipping Oculus VR virtual-reality headsets, due to parts shortages. It's not known how long the delay might be or how many shipments would be affected.

Hain Celestial — The natural products maker is reformulating dozens of its shampoos, skin cleansers and other products, and dropping claims involving a controversial ingredient called sodium lauryl sulfate. Hain and other companies have said their products contain "no harsh chemicals."

HP Inc. — The computer maker is set to unveil an ultra-thin laptop Tuesday, hoping to make inroads in a premium market that has been among the better performers in the declining PC industry.

Staples — The office supplies retailer has offered to freeze prices to win government approval for its planned buyout of Office Depot, according to the New York Post.

Questions? Comments? Email us at marketinsider@cnbc.com