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