Among the premarket stories for Tuesday, April 28, from AP Financial News:
HARTFORD, Conn. (AP) Shares of United States Steel Corp. fell in premarket trading Tuesday, a day after the steelmaker reported its first quarterly loss in more than five years and predicted an operating loss in the second quarter. NEW YORK (AP) Omnicom Group Inc. was upgraded at Deutsche Bank on Monday after proving it could hold down costs and preserve its profit margins despite a deep advertising slump. BELLEVUE, Wash. (AP) Commercial truck maker Paccar Inc. said Tuesday its first-quarter profit tumbled 91 percent, citing the continued effects of the slow economy on the global shipping industry. NEW YORK (AP) Warm weather is driving consumers to malls, and "pent-up demand" for clothing, especially from teenagers, may boost retailers' sales this summer, said an analyst on Tuesday. HARTFORD, Conn. (AP) An analyst downgraded Weyerhaeuser Co. late Monday, saying the timber and wood products company's shares are fairly valued following a recent rally in stock price. NEW YORK (AP) Check Point Software Technologies Ltd. is seeing its core Internet security business weaken faster than expected, a Deutsche Bank analyst said, downgrading shares to "Hold" from "Buy."- Loading Comments...
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