Stocks - GE, Dish, ConocoPhillips Rise in Premarket; GM Falls By Investing.com

Stocks - GE, Dish, ConocoPhillips Rise in Premarket; GM Falls

Stock Markets Oct 07, 2019 08:55AM ET

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Stocks - GE, Dish, ConocoPhillips Rise in Premarket; GM Falls

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

General Electric (NYSE:GE) rose 0.7% after it announced a freeze to its U.S. pension plan, affecting 20,000 employees, in a move that it said would cut the group’s pension deficit by between $5 billion and $8 billion, and cut net debt by up to $6 billion.

General Motors (NYSE:GM) fell 1.0% after the UAW said negotiations to end a four-week strike “took a turn for the worse” at the weekend due to what it said was management’s failure to provide job guarantees for U.S. workers.

Broadcom (NASDAQ:AVGO) was in focus after a report by the FT said the European Commission is set to clamp down on perceived abusive clauses in its sales contracts, even though the Commission hasn’t yet concluded its investigation into the company.

Uber (NYSE:UBER) rose 3.3% after being upgraded to “buy” by analysts at Citigroup (NYSE:C). That’s a valuation-driven change, as the analysts haven’t changed their price target from $45.

DISH Network (NASDAQ:DISH) rose 11.8% after concluding a peace deal with Fox that restores access to Fox channels for its subscribers after a two-week dispute.

ConocoPhillips (NYSE:COP) rose 1.8% after increasing its quarterly dividend by 38% to 42 cents a share and saying it plans to buy back $3 billion of stock next year.

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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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