Among the stock activity stories for Friday, May 2, from AP Financial News:
NEW YORK (AP) _ Yahoo Inc.'s shares rose Friday in what an analyst attributed to investors' expectations that the company will eventually agree to be purchased by suitor Microsoft Corp., perhaps at a higher price than the software company is currently offering.
NEW YORK (AP) _ Shares of microchip design company Magma Design Automation Inc. plunged Friday after it said it expects first-quarter profit well below Wall Street expectations.
NEW YORK (AP) _ Shares of Federal Signal Corp., which makes fire trucks, security systems and street cleaning equipment, tumbled Friday, after the company said it swung to a first-quarter profit but missed Wall Street predictions.
NEW YORK (AP) _ QLogic Corp.'s fiscal fourth-quarter results topped expectations, but shares fell Friday as analysts said items that lifted the network equipment maker's results will not happen again.
NEW YORK (AP) _ Shares of Automatic Data Processing Inc. fell Friday as several analysts warned of slower growth going forward.
NEW YORK (AP) _ Fresh Del Monte Produce Inc. shares soared Friday after a BB&T analyst reinstated her "Buy" rating on the stock, saying the recent drop in the share price has gone too far.
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