Among the sector activity stories for Monday, June 23, from AP Financial News:
NEW YORK (AP) _ Airline stocks fell sharply Monday as oil prices resumed their climb, adding to fears that soaring fuel costs will continue to plague the struggling industry.
NEW YORK (AP) _ Medical device and technology makers will likely continue prospering as aging populations in developed countries drive demand for more innovative products and new, emerging markets grow.
NEW YORK (AP) _ Shares of LTX Corp. tumbled while rival Credence Systems Corp. jumped Monday after the semiconductor testing equipment makers agreed to combine their businesses in an all-stock deal where LTX controls management and the board but Credence shareholders own a slight majority.
NEW YORK (AP) _ A Goldman Sachs analyst warned restaurants may see lower profits in 2009 due pressure on consumers from continued high gas and food prices and more rising commodity costs.
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