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Sector roundup: Airlines, Marvell Technology

By Associated Press
May 30, 2008 | Comments (0)

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Among the sector activity stories for Friday, May 30, from the AP Financial News:

NEW YORK (AP) _ Airline stocks mostly fell Friday as oil prices fluctuated and investor hopes for a merger between United Airlines and US Airways deflated.

NEW YORK (AP) _ Better-than-expected results for Marvell Technology Group Ltd. pushed the chip sector higher Friday, with Cypress Semiconductor Corp. also rising after the company gave upbeat presentations at recent conferences with analysts.

NEW YORK (AP) _ Shares of Chinese Internet gaming companies rose Friday, with Shanda Interactive Entertainment Ltd. regaining some ground lost on Wednesday and Thursday.

NEW YORK (AP) _ Shares of solar power companies rose Friday after German lawmakers reached a tentative agreement on a milder reduction in state subsidies than some investors had feared.

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