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Premarket roundup: News Corp., Pfizer
By The Associated Press | 06 Nov 2008 | 09:41 AM ET
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Among the premarket stories for Thursday, Nov. 6, from AP Financial News:

NEW YORK (AP) — Shares of News Corp. fell in premarket trading Thursday after the Rupert Murdoch-led media company slashed its 2009 outlook on an ad revenue slowdown and the strength of the U.S. dollar overseas.

NEW YORK (AP) — Pfizer Inc. has lost a key drug candidate after deciding to end development of a new obesity treatment, a Citi Investment Research analyst said Thursday.

NEW YORK (AP) — A Citi Investment Research analyst has downgraded Amazon.com Inc., saying a rally in the shares after it reported third-quarter results and Oprah Winfrey's endorsement of its e-book reader may be unwarranted.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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