Loral Up 8% on Report of Initiatives to Boost Stock Price - TheStreet

Loral Space & Communications

(LOR) - Get Report

was up 8.4% in midmorning after

The Wall Street Journal

reported it is considering several moves to boost its stock price, including a combination with

Societe Europeenne des Satellites

.

The satellite communications company also plans to cut off new financial support to

Globalstar Telecommunications

(GSTRF)

, its 40%-owned satellite telephone project. Globalstar was down 63% after reporting third-quarter earnings today that missed the Street estimate by 10 cents.