
EchoStar agreed to buy Hughes Communications, a provider of broadband satellite networks, for about $2 billion, plus debt. Shares of Hughes fell in premarket trading Monday to $59.05, off 4.4%. EchoStar closed at $29.88 on Friday; there were no premarket trades for the stock.
General Electric agreed to buy the well support division of the U.K.'s John Wood Group for about $2.8 billion. GE shares rose 7 cents to $21.40 in premarket trading Monday.
Shares of Nokia fell 4.7% to $8.97 in premarket trading Monday after getting downgraded to underweight from overweight at J.P. Morgan Cazenove.
MGM Resorts is expected by analysts Monday to report a loss of 22 cents a share in the fourth quarter. The stock rose 21 cents to $15.75 in premarket trading Monday.
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