Before the bell: Futures mixed after break, ahead of data Apple Inc. (NASDAQ: AAPL) has managed to cover yet another area of the globe. TeliaSonera AB, Sweden's largest telephone company, said it will start selling the iPhone later this year in countries in the Nordic and Baltic region: Sweden, Norway, Denmark, Finland, Lithuania, Latvia and Estonia.
General Motors Corp. (NYSE: GM), which saw its shares reaching 1982 levels Friday, also saw its shares downgraded by Citigroup from Buy to Hold and cut his price target to $21 from $32. The analyst said "the automaker will likely burn through $7 billion in cash through 2009 and may need to raise more capital."
UBS (NYSE: UBS) shares are plunging 14% in premarket trading after on Monday warned it may record further losses on real estate holdings outside the U.S. It seeks nearly $16 billion from shareholders to repair its balance sheet.
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