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Among the premarket stories for Monday, May 18, from AP Financial News:
NEW YORK (AP) — Shares of American Express Co. are likely to jump on the credit card lender's plans to slash 4,000 jobs and reduce expenses by $800 million during the remainder of the year, an analyst said Tuesday.
NEW YORK (AP) — Shares of cosmetics company Avon Products Inc. were upgraded to "Market Perform" from "Underperform" by a BMO Capital Markets analyst as the company signed up 1 million new representatives in the first quarter. ...
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