Among the premarket stories for Monday, June 2, from AP Financial News:
NEW YORK (AP) _ A Friedman Billings Ramsey analyst expects larger profits for Progressive as Americans cut back on their driving, lowering the amount of accident claims the insurer has to pay.
NEW YORK (AP) _ Shares of ImClone Systems Inc. fell in premarket trading Monday as investors took a dim view of trial data for its drug Erbitux as a treatment for lung cancer and colorectal cancer.
NEW YORK (AP) _ Shares of Yingli Green Energy Holding Co. advanced in premarket trading Monday after Citi Investment Research said the company will benefit from a smaller-than-expected cut in solar subsidies in Germany.
NEW YORK (AP) _ Shares of Wachovia Corp. fell in premarket trading Monday after its board of directors asked Chief Executive Ken Thompson to retire.
HAWTHORNE, N.Y. (AP) _ Shares of Acorda Therapeutics Inc. soared in premarket trading Monday after the biotechnology company said its multiple sclerosis drug candidate Fampridine-SR met its goal in a late-stage trial.
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