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Actionable news in MSFT: Microsoft Corporation,

Early movers: MSFT, WWW, ODP, LUV, PLCE, WEN, DIS, PCLN, HTZ, TRIP & more

Check out which companies are making headlines before the bell:

Microsoft – Hedge fund ValueAct sold seven million Microsoft shares, according to a Securities and Exchange Commision filing. ValueAct had sold a similar number of shares earlier this year, but still holds about nine million shares. ValueAct had bought Microsoft in 2013 below $30 and pushed for changes.

Wolverine World Wide – The shoe retailer earned an adjusted 43 cents per share for its latest quarter, 14 cents a share above estimates. Revenue also beat forecasts. The maker of shoe brands like Wolverine, Stride Rite, Sperry, and Keds also raised its full-year forecast.

Office Depot – The office supplies retailer missed estimates by two cents a share, with adjusted quarterly profit of six cents per share. Revenue also missed forecasts. Office Depot also said it expects 2017 sales to be lower than they were a year ago, due to store closures and challenging market conditions.

Southwest Airlines – The airline said revenue passenger miles rose 6 percent in July from a year earlier to 12.4 billion.

Children's Place – The children's apparel retailer reported adjusted quarterly profit of 86 cents per share for the second quarter, 10 cents a share above estimates. Revenue fell short of forecasts. Comparable-store sales were up 3.1 percent, better than the 2.3 percent consensus estimate.

Wendy's – The restaurant chain beat estimates by two...