Premarket roundup: Salix, Legg Mason |
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Mon, 31 Dec 2007 14:59
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(AP) - Among the premarket activity stories for Monday, Dec. 31, from AP Financial News:NEW YORK (AP) -- Shares of Salix Pharmaceuticals Ltd. plunged in premarket trading Monday after Wall Street learned the drug developer's key product faces generic competition from three companies.NEW YORK (AP) --Asset management company Legg Mason Inc. is shrinking its holdings of structured investment vehicles, which are exposed to risky debt, but analysts Monday differed on how much the move will help the company.NEW YORK (AP) -- Now that it has filed revised financial statements, security software maker McAfee Inc. should be able to focus more on buybacks and growing its core business, an analyst said Monday as she raised her price target on the stock.WASHINGTON (AP) -- An industry group's monthly report due Monday is expected to show that existing home sales remained stuck last month at the record-low rate reported in October.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Sequana receives 115 usd extra from Legg Mason for Permal disposal 