Sector roundup: Rental car cos., chips

By Associated Press
July 3, 2008
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Among the sector activity stories for Thursday, July 3, from AP Financial News:

NEW YORK (AP) _ Shares of rental car companies fell Thursday as analysts and investors continued to worry about the effects of the slumping U.S. automotive industry, high gas prices and a drop in air travel.

NEW YORK (AP) _ Shares of semiconductor companies mostly fell Thursday, with Nvidia Corp. losing nearly a third of its value after the graphics chip maker reduced its fiscal second-quarter revenue outlook.

NEW YORK (AP) _ Proposals for tougher heart-risk studies on new Type 2 diabetes drugs weighed heavy on shares of Amylin Pharmaceuticals Inc. and Novo Nordisk AS Thursday, since stricter regulations could mean longer, more costly clinical trials.
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