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updated 00:15, Tue November 06, 2007

Premarket Roundup: USEC Shares Edge Down, PetroChina Worth $1 Trillion After Successful IPO

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Among the premarket activity stories for Monday, Nov. 5, from AP Financial News:

NEW YORK (AP) -- Shares of uranium producer USEC Inc. wobbled in premarket electronic trading Monday as investors weighed USEC's outlook against news that a Russian company wants to renegotiate the price of uranium it delivers to USEC.

NEW YORK (AP) -- State-owned PetroChina Co. Ltd. had a successful initial public offering Monday, surpassing Exxon Mobil Corp. by some estimates to reach a market cap just over $1 trillion.

NEW YORK (AP) -- Shares of NYSE Euronext slipped in premarket trading Monday as traders worried its chief executive might be snatched away.

NEW YORK (AP) -- Shares of American International Group Inc. gained in Monday premarket trading after a shareholder group said it was mulling strategic alternatives for the world's largest insurer.

NEW YORK (AP) -- An Oppenheimer & Co. analyst raised his price target on Google Inc. Monday to $850, citing expected advertising growth from the company's yet-to-be unveiled mobile phone strategy.

NEW YORK (AP) -- Shares of Eli Lilly & Co. rose in premarket electronic trading Monday after the company said a late-stage clinical trial showed its anti-clotting drug prasugrel was more effective than Plavix in reducing heart attacks after surgery.

WASHINGTON (AP) -- The Supreme Court will hear oral arguments in a case Monday that could shrink the $2.5 trillion municipal bond market by ending state income-tax exemptions that appeal to investors.

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