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Sector roundup: Handsets, airlines

By Associated Press May 13, 2008 Comments (0)

1 Recommendation

Among the sector activity stories for Tuesday, May 13, from AP Financial News:

NEW YORK (AP) _ Most handset makers' shares declined Tuesday, with Research In Motion Ltd.'s stock dipping despite some price target increases from analysts on the day after it unveiled a new BlackBerry model and hit an all-time high.

NEW YORK (AP) _ Airline stocks wavered Tuesday as oil prices pushed higher and the industry's main U.S. trade group forecast carriers will continue to pack planes this summer even as they shed capacity to cut costs.

NEW YORK (AP) _ Shares of heavy construction and engineering companies rose Tuesday after Fluor Corp. and McDermott International Inc. posted first-quarter earnings that impressed investors.

NEW YORK (AP) _ Semiconductor stocks advanced despite a decline in the broader technology sector in midday trading Tuesday, as an analyst applauded new business Intel Corp. is receiving from Cisco Systems Inc.

NEW YORK (AP) _ Early and midstage study data could give several cancer treatment developers a boost over the next few weeks as small and midcap companies release presentation previews for the upcoming annual American Society of Clinical Oncology meeting.

NEW YORK (AP) _ Shares of solar products makers rose Tuesday on improving prospects for a continuation of an investment tax credit that has encouraged investment in the industry.

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