Among the premarket stories for Wednesday, May 7, from AP Financial News:
NEW YORK (AP) -- Shares of The Walt Disney Co. climbed in premarket trading Wednesday after the entertainment company said its fiscal second-quarter profit rose 22 percent, beating Wall Street estimates.
NEW YORK (AP) -- Sprint Nextel Corp.'s stake in a joint venture with Clearwire Corp. will likely be worth $2 to $3 per share and significantly reduce capital expenditures, an analyst said Wednesday.
NEW YORK (AP) -- Cisco Systems Inc. shares edged down in premarket trading Wednesday, as analysts said the network equipment maker's fiscal third-quarter results won't fully reassure investors.
NEW YORK (AP) -- A Food and Drug Administration panel voted against broadening the label for Cephalon Inc.'s pain drug Fentora, but analysts said Wednesday the drug may eventually be approved to treat non-cancer pain.
WASHINGTON (AP) -- Amid distress in the credit markets, Congress is examining the regulation of Wall Street investment banks by the Securities and Exchange Commission and considering whether it should be tightened.
