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Uber, Transocean, Facebook, General Motors and more

We look at what stories are trending in New York before the bell..
Uber, Transocean, Facebook, General Motors and more
Is the grid-lock of issues lifting at Uber ? - doesn't look like it

Uber, the private taxi hailing app, was back in the news early Monday, with the headlight firmly now on the under-the-cosh firm's problems in London.

Transport for London (TfL) plans to revoke the firm's license in the UK capital, which could spell the end of the service in the city.

New chief executive Dara Khosrowshahi took to Twitter on Friday to say: "We r far from perfect but we have 40k licensed drivers and 3.5mm Londoners depending on us," he said.

"Pls work w/us to make things right"

Meanwhile, General Motors Company (NYSE:GM) shares added 1.67% in pre-market after broker heavyweight Deutsche upgraded the automaker's stock to "buy" from "hold.

Deutsche said the Michigan- headquartered car marker was poised to benefit from a much-faster-than-expected commercial deployment of autonomous vehicles.

In the regular session, shares added over 2% to US$40.27 each.

Oil rig services giant Transocean Ltd  (NYSE:RIG) shares surged 4.72% to US$9.76 as it  was upgraded to "buy" from "neutral" at Swiss bank UBS, which expects the oilfield services company's business to improve in the medium term. In the regular session, shares gained over 7% to US$10.01 each. 

Facebook (NASDAQ:FB) shares shed 0.73%  after the social media giant dropped plans to issue a new class of shares that would allow founder Mark Zuckerberg to keep voting control and fund Facebook's philanthropy efforts. Later Facebook shares dipped even further - losing 3.44% to US$164.67.

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