Premarket roundup: Sealy, Team

Among the premarket stories for Wednesday, April 1, from AP Financial News:

NEW YORK (AP) _ Mattress maker Sealy Corp. has trimmed expenses to maintain profit as sales in the U.S. and abroad were challenged in the fiscal first quarter by a tough economy, an analyst said Wednesday.

NEW YORK (AP) _ Team Inc.'s weak third-quarter and lowered full-year forecast shows that customers of the pipeline repair company are not spending as much on maintenance, an analyst said Wednesday.

WASHINGTON (AP) _ The drug industry and investors will be carefully monitoring a government meeting Wednesday as Bristol-Myers Squibb presents a new diabetes drug to experts who have become increasingly cautious of safety risks.

NEW YORK (AP) _ Celgene Corp. sank in premarket trading Wednesday, approaching annual lows after the company offered a disappointing outlook, highlighted by weak sales of its multiple myeloma drug Thalomid.