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Premarket Roundup: Procter & Gamble, Safeway

The Associated Press

Among the premarket stories for Tuesday, June 9, from AP Financial News:

CINCINNATI (AP) — Investors will be watching for any official word on a potential leadership change at Procter & Gamble Co., but that word may not come as soon as some expect. A company spokesman cautioned that reports that the P&G board was ready to act on a succession plan were still speculative.

NEW YORK (AP) — An analyst raised his rating and price target for Safeway Inc., citing the grocery store operator's improved pricing and traffic.

NEW YORK (AP) — Auto-service company Pep Boys — Manny, Moe & Jack had a solid first quarter, beating expectations, and sales and expenses trends are good, an analyst said. Shares rose more than 6 percent in premarket trading.

WASHINGTON (AP) — Three powerful psychiatric drugs currently approved for adults could soon be available for children, as regulators consider the benefits and risks of the medications.