Check out which companies are making headlines before the bell:
Procter & Gamble — The consumer products giant appointed Nelson Peltz to its board of directors following a high profile proxy fight. The company said it held discussions with Peltz about a board seat because the shareholder vote was very close and that a large number of shareholders had voted for Peltz to be appointed.
CSX — Chief Executive Officer Hunter Harrison has died following complications from a recent illness. The railroad operator had announced Friday that Harrison was taking medical leave, and had appointed chief operation officer Jim Foote as acting CEO.
Pinnacle Entertainment – The gaming company will be bought by rival Penn National for about $2.8 billion in cash and stock. As part of the deal, Boyd Gaming will buy some of Pinnacle's operations for $575 million in cash.
Twitter – Twitter was upgraded to "overweight" from "neutral" at JPMorgan Chase, calling it one of its top mid-cap ideas for 2018. The firm thinks Twitter's offerings are improving and will lead to user and revenue growth.
McKesson – The drug distributor responded to a "60 Minutes" story saying it contained "sweeping and unsubstantiated accusations." The story said McKesson had distributed vast amounts of opioid medication without doing due diligence, and that a substantial case had been built by the Drug Enforcement Administration against McKesson but that it was never pursued.
AT&T – AT&T and the Justice Department held unsuccessful talks to settle their dispute over AT&T's proposed acquisition of Time Warner, according to a court filing. The Justice Department is suing to stop the $85 billion deal because of competitive concerns.
Akamai Technologies – Akamai is seeing its shares jump following news that activist investor Elliott Management took a 6.5 percent stake. Elliott contends that shares in Akamai – which develops internet content delivery technology – are undervalued.
Costco – BMO Capital upgraded the warehouse retailer to "outperform" from "market perform," saying an acceleration in Costco's online business is in its early stages.
Kellogg — Kellogg announced a new buyback program of up to $1.5 billion. The cereal maker's previous share buyback plan expires at the end of this month.
Lockheed Martin – The defense contractor said it had hit its 2017 target of delivering 66 F-35 fighter jets to the US and allies, despite production issues this year.
Nestle – Nestle sold two of its North American tea brands, with private-equity firm Fireman Capital Partners and partner Dunn's River Brands teaming up to buy the Sweat Leaf Tea and Tradewinds brands for an undisclosed amount.
Vipshop – Vipshop received an $863 million investment from China-based internet giant Tencent Holdings and e-commerce company JD.com. Tencent will now hold a seven percent stake in the apparel company, while JD.com will hold a 5.5 percent stake.
Oracle – The business software giant struck a $1.2 billion deal to buy Australia-based project management software maker Aconex.