Check out which companies are making headlines before the bell:
McDonald's — The restaurant operator is near a deal to sell 20-year franchise rights in Singapore and Malaysia to Saudi Arabia's Reza Group, according to Reuters, with the potential transaction worth up to $400 million. Reza already operates a number of McDonald's restaurants in Saudi Arabia.
Amazon.com — Amazon introduced a service called "Prime Reading," which lets Prime members access a variety of books and magazines at no additional charge, even if they don't own one of the company's Kindle e-readers or Fire tablets.
Constellation Brands — The spirits maker reported adjusted quarterly profit of $1.77 per share, 12 cents a share above estimates. Revenue also beat forecasts, driven by strong beer sales. Constellation also increased its full-year guidance. Separately, the company bought craft whiskey maker High West Distillery for about $160 million as it moves ahead with plans to expand further into premium liquor.
Micron Technology — Micron reported an adjusted quarterly loss of five cents per share, smaller than the 12 cents a share loss expected by analysts. The chipmaker's revenue also was better than forecasts on improved pricing. Micron forecast better-than-expected current-quarter profit, as well, but investors are largely discounting that forecast due to an accounting change by Micron and broader market trends.
Global Payments — The provider of payment technology services earned an adjusted 86 cents per share for its latest quarter, three cents a share above estimates. Revenue was also above forecasts. Global Payments raised its full-year forecast, both on the better-than-expected first-quarter performance, as well as the integration of Heartland Payment Systems, which it acquired in April.
Blackstone — The private-equity firm agreed to sell its China-based technology outsourcing unit Pactera Technology International to HNA Group for about $675 million in cash, according to Dow Jones. HNA is a China-based shipping and airline company.
Netflix — Netflix signed an agreement with luxury movie theater chain iPic Entertainment, which will see original movies show in theaters the same day they debut on Netflix.
Twitter — Twitter is drawing significant interest from Salesforce.com CEO Marc Benioff as a possible sale approaches, according to The Wall Street Journal. Separately, Twitter finance vice president Todd Morgenfeld is leaving the company to become chief financial officer at Pinterest.
Sears — Chief Executive Officer Edward Lampert said the retailer plans to keep operating the Kmart chain, even as it explores options for other parts of the company, such as its Kenmore, Craftsman, and DieHard brands.
Endurance Specialty Holdings — Endurance will be bought by Japanese insurer Sompo Holdings for $6.3 billion or $93 per share, compared to yesterday's close of $87.87 for the U.S. based casualty insurer's stock.