Premarket roundup: Blackstone, semiconductors
By
Associated Press
March 25, 2009
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Among the premarket stories for Wendesday, March 25, from AP Financial News:
CHARLOTTE, N.C. (AP) _ An analyst downgraded Blackstone Group LP shares Wednesday, noting shares of the private equity firm have experienced a sharp run-up in price over the past several days.
NEW YORK (AP) _ Demand for semiconductor chips is improving, an analyst said, but he downgraded two chipmakers to "Market Perform" from "Outperform" after this year's run-up in stock prices.
HARTFORD, Conn. (AP) _ An analyst said Wednesday that refineries and engineering and construction firms expect little capital spending this year and in 2010, but that project cancellations are likely over.
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