Check out the companies making headlines before the bell:
Northrop Grumman �� Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades ago.
Echostar �� Echostar is now seeking talks with Immarsat after its $3.2 billion bid to buy the British satellite firm was rebuffed. Immarsat said the offer significantly undervalues the company, as it had when it rejected a prior offer from its U.S. rival last month.
Ford Motor �� Ford reported a 38 percent drop in China vehicle sales in June, capping a first half sales slump. For the first six months of the year, sales were down 25 percent, the biggest decline since Ford started China operations in 2001.
Tesla �� The automaker��s Fremont, California factory is the subject of another probe by California regulators, following a safety-related complaint. California��s Occupational Safety and Health Administration acknowledged opening the case on June 21, but has not given specific details on the investigation.
Biogen �� Biogen said a new Alzheimer��s drug succeeded in a mid-stage trial for patients receiving the highest dose. Biogen is developing the drug in partnership with Japan��s Eisai Co., whose shares surged in Tokyo trading.
Boeing �� Boeing could get a boost after European rival Airbus raised its 20-year forecast for aircraft demand by more than seven percent.
Wynn Resorts �� Wynn Resorts announced the departure of long time general counsel Kim Sinatra, effective July 15. The hotel and casino operator said it had not yet finalized the terms of Sinatra��s transition and departure.
Deutsche Bank �� A German magazine reports that JPMorgan Chase and Industrial and Commercial Bank of China may both be interested in taking a stake in Deutsche Bank. JPMorgan subsequently denied that it was interested, and the German government denied it had privately expressed concerns about the bank.
Kraft Heinz, Conagra �� Shares of the two food makers could be impacted after a Financial Times report that American ketchup could be next on a list of EU trade targets. Kraft Heinz makes the popular Heinz ketchup brand, while Conagra is the maker of Hunt��s.
PriceSmart �� PriceSmart reported quarterly earnings of 61 cents per share, 2 cents below forecasts, though the retailer��s revenue did exceed forecasts. The warehouse retailer��s costs following several recent acquisitions.
Square �� Square withdrew its application with the FDIC to open a depository bank, which would allow it to collect government-insured deposits. The mobile payments company plans to refile after it strengthens its application.
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