Traders work on the floor of the New York Stock Exchange.
Check out which companies are making headlines before the bell:
Apple
— The company is expected to introduce new iPhones and perhaps a new
iPad model at an event beginning at 1:00 p.m. ET/10:00 a.m. PT in San
Francisco.
United Continental
— Chief Executive Officer Jeff Smisek and two other executives have
stepped down, resulting from a federal investigation into United's
relationship with former Port Authority of New York and New Jersey
chairman David Samson.
CSX president and chief operating officer Oscar Munoz was named the new CEO.
Cheniere Energy
— Kynikos Associates President Jim Chanos revealed a new short position
in the natural gas producer, saying the liquid natural gas market is "a
disaster" because producers have committed to building expensive plants
just as demand flattens out.
Dave & Buster's
— Dave & Buster's reported adjusted quarterly profit of 40 cents
per share, beating estimates by 17 cents, with revenue also well above
estimates. The restaurant and arcade chain also raised its full-year
forecast as sales continue to increase.
Continental Resources
— Continental will cut 2015 capital spending by up to $350 million, as
the oil producer attempts to deal with lower commodity prices.
Macy's
— The retailer will close 35 to 40 underperforming stores, representing
about five percent of its existing locations. It has not yet disclosed
which stores will be shut down.
<p>Wall Street poised for second day of gains</p>
<p>U.S. stock futures point to strong gains at the
open, following Tuesday&rsquo;s rally which saw the major averages
all gain about 2.5 percent.</p>
Yahoo
— Yahoo withdrew its request for an Internal Revenue Service ruling on
its planned spinoff of Alibaba shares, after receiving indications that
its desire to have the move declared tax-free wouldn't be approved.
Yahoo does say, however, that the IRS hasn't reached a conclusion that
the planned spinoff will be taxable.
GlaxoSmithKline
— The pharmaceutical company saw its inhaled drug Breo fail to prolong
life in a study of 16,500 patients suffering from chronic respiratory
disease.
Toyota
– The automaker will begin selling a new version of its Prius hybrid at
the end of 2015, beginning in Japan and expanding to other regions at a
later date.
Quicksilver
— Quiksilver filed for Chapter 11 bankruptcy protection for its U.S.
operations. The surfwear maker did say its European and Asian operations
are doing well and are not part of the filing.
JPMorgan Chase — The bank is being investigated by the Commodity Futures Trading Commission for alleged client steering, according to
The Wall Street Journal.
Lockheed Martin
— Lockheed will announce layoffs of 500 information systems and
government services employees on Wednesday, according to Reuters.
Alibaba
— The online retailer cut its sales estimates for its second quarter,
in another indications of a slowdown in the Chinese economy.
Aerojet
— Aerojet is offering $2 billion in cash to buy United Launch Alliance,
the satellite launch provider that is a joint venture between Lockheed
Martin and
Boeing.
McDonald's — McDonald's saw a 2.8 percent same-restaurant sales increase in August for its Japan unit, the first rise in 19 months.
Tiffany — The luxury goods retailer prevailed in a case vs.
Costco, in which the warehouse retailer was accused of selling fake Tiffany engagement rings.
Men's Wearhouse
— The apparel retailer saw sales jump nearly 15 percent in the second
quarter, despite continuing struggles at its Jos. A. Bank chain.
TiVo
— TiVo saw a better than expected rise in quarterly revenue, thanks to a
26 percent increase in subscriptions for the digital video recorder
maker.
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