Premarket roundup: Fannie Mae, MBIA

By Associated Press
August 28, 2008 | Comments (0)

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Among the premarket stories for Thursday, Aug. 28, from AP Financial News:

NEW YORK (AP) _ An analyst said Thursday that Fannie Mae's recent shake up of its management team _ it replaced three top executives _ is a move to demonstrate its ability to deal with current operational challenges.

NEW YORK (AP) _ Shares of MBIA Inc. rose sharply in premarket electronic trading Thursday, a day after the bond insurer agreed to reinsure nearly $200 billion of municipal bonds backed by FGIC Corp.

NEW YORK (AP) _ A JPMorgan analyst suggested that shares of Expeditors International of Washington Inc. may fall Thursday, after the freight forwarder said growth in air and ocean freight volume is slowing.

NEW YORK (AP) _ Shares of Myers Industries Inc., which makes plastic products for industrial, agricultural, automotive, commercial and retail buyers, may see increased activity Thursday after an analyst raised his 2009 earnings estimate because of a new pricing strategy, among other moves.

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Premarket roundup: Fannie Mae, MBIA

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