Check out which companies are making headlines before the bell:
Anheuser-Busch InBev — The beer brewer formally agreed to buy SABMiller for $ 105.5 billion. As part of the deal, SABMiller will sell its 58 percent stake in US joint venture MillerCoors to partner Molson Coors.
Altria — Altria, which owns about 27 percent of SABMiller, announced its support for the Anheuser-Busch/SABMiller deal, saying it’s in the best interests of its shareholders.
J.C. Penney — The retailer announced the settlement of a class action lawsuit that had alleged false advertising regarding certain private or exclusive branded products. The company will make $ 50 million available to settle claims. J.C. Penney also said that despite the financial impact of the settlement, it is pleased with its soon-to-be-released third quarter results.
Express Scripts — The pharmacy benefits manager has cut ties with the Linden Care pharmacy, saying the operation primarily sold drugs made by Horizon Pharma and failed to fulfill its pharmacy network agreement with Express Scripts. Horizon responded by saying Express Scripts has its own conflicts of interest in its control over prescriptions that flow to specialty pharmacies.
Apple — The company’s Apple Music service becomes available for Android devices today, the same day the company begins to sell the new, larger iPad Pro.
Microsoft — CLSA increased its price target for the stock to $ 60 from $ 54, while maintaining an “outperform” rating. CLSA said it thinks the “tone” of Microsoft’s business is the best it’s been since the 1990s, following a meeting with the company’s investor relations personnel.
Brunswick — The maker of boats and fitness equipment set an upbeat three year earnings target, saying it expects to benefit from an improvement in some of its core marine markets.
Alibaba — The China-based online retailer said its sales for today’s Singles Day have already surpassed last year’s $ 9.3 billion total, and could rise to as much as $ 13.8 billion. That would be a 50 percent increase over a year ago, according to figures from IDC.
Alphabet — Alphabet’s Google unit was victorious in most aspects of a lawsuit accusing it of violating computer user privacy by enabling cookies in internet browsers to track user activity.
Facebook — Facebook director Marc Andreessen has sold nearly half his stake in the social networking giant, according to three Securities and Exchange Commission filings. Nineteen transactions were involved, at prices ranging from $ 101.96 to $ 110.22 per share.
Skyworks Solutions — Skyworks announced a $ 400 million stock buyback program. The semiconductor maker has been in the news recently as it battles with Microsemi to buy rival chip producer PMC-Sierra.