Stocks - Ford, Uber, Coty Rise Premarket; Qudian, HP Slump By Investing.com

Stocks - Ford, Uber, Coty Rise Premarket; Qudian, HP Slump

Stock Markets Nov 18, 2019 08:41AM ET

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Stocks - Ford, Uber, Coty Rise Premarket; Qudian, HP Slump

Investing.com - Stocks in focus in premarket trading on Monday:

Ford Motor Company (NYSE:F) stock gained 1.2% in premarket trade by 8:30 AM ET (11:30 GMT) after the United Auto Workers union struck a four-year labor deal with the car company. The deal largely mirrors the one secured with General Motors (NYSE:GM) last month.

Uber (NYSE:UBER) stock was up 0.5% on reports that Chairman Ronald Sugar is buying up shares in the ride-sharing company.

Coty (NYSE:COTY) stock rose 6.3% after announcing it will pay $600 million for a 51% stake in Kylie Jenner's Cosmetics and Skin businesses, creating a strategic partnership whose creative and communications activities will still be steered by Jenner and her team.

Qudian (NYSE:QD) stock slumped 10% after the Chinese lender cut its full-year outlook and its earnings for the last quarter missed forecasts.

HP Inc (NYSE:HPQ) stock slipped 0.8% on reports that it rejected Xerox's takeover bid of $22 a share.

FedEx (NYSE:FDX) stock was flat as it pushed back against a New York Times article from Sunday saying that the company doesn’t pay any tax. FedEx CEO Federick Smith challenged the paper’s leadership to a public debate in Washington over the issue.

Barrick Gold (NYSE:GOLD) stock inched up 0.1% after it said it agreed to sell its 50% stake in Kalgoorlie Consolidated Gold Mines to Saracen Mineral Holdings for $750M.

Former Deutsche Bank co-CEO Anshu Jain dies By Reuters - Aug 13, 2022 2

(Reuters) -Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (NYSE:DB) take on the largest Wall Street firms, died overnight on Saturday...

New York Times taps Bank of America amid ValueAct challenge By Reuters - Aug 13, 2022 5

By Svea Herbst-Bayliss (Reuters) - The New York Times Co has turned to Bank of America Corp (NYSE:BAC) and law firm Sidley Austin LLP for advice on how to handle a potential board...

U.S. and Switzerland working on facilitating pharma trade - U.S. ambassador By Reuters - Aug 13, 2022 4

ZURICH (Reuters) - The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the...

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