Among the premarket stories for Monday, May 5, from AP Financial News:
NEW YORK (AP) _ A Friedman, Billings, Ramsey & Co. analyst said Monday Bank of America Corp. should walk away from its acquisition of mortgage lender Countrywide Financial Corp., or at the very least sharply reduce the purchase price.
NEW YORK (AP) _ Deutsche Bank analyst Mike Mayo upgraded shares of Comerica Inc. to "Buy" late Sunday, saying the bank's stock is inexpensive, and the company faces relatively little risk from loans to consumers.
NEW YORK (AP) _ Google Inc. may benefit from the fallout between Microsoft Corp. and Yahoo Inc., an analyst said late Sunday while raising his price target on the Internet portal.
NEW YORK (AP) _ Microsoft Corp. shares rose and Yahoo Inc. stock tumbled in premarket trading Monday after the two companies ended their long-running buyout talks.
NEW YORK (AP) _ Shares of UST Inc. edged higher in premarket trading Monday after a Deutsche Bank analyst upgraded the smokeless tobacco maker, citing its recent decline in price.
LAS VEGAS (AP) _ Food maker Campbell Soup Co. said Monday it will unveil new products for the 2008 fiscal year, including two new Campbell's soup lines, at an industry group's annual meeting.
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