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Sector roundup: Airlines, Internet

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May 14, 2008

Among the sector activity stories for Wednesday, May 14, from AP Financial News:

NEW YORK (AP) -- Airline stocks rose Wednesday as oil prices eased further from recent record highs.

NEW YORK (AP) -- Major Internet stocks rose Wednesday, with IAC/InterActiveCorp leading the sector after the Internet conglomerate resolved a months-long legal skirmish with major shareholder Liberty Media Corp.

NEW YORK (AP) -- Shares of farm equipment companies fell Wednesday, after Deere & Co. reported a 22 percent jump in fiscal second-quarter profit, but warned that rising costs of raw materials could lower its profits over the coming months.

NEW YORK (AP) -- The chip sector rose higher than the wider technology market Wednesday, helped by an Oppenheimer & Co. analyst who sees improving international demand for microchips.

NEW YORK (AP) -- Investment bank stocks mostly rose Wednesday, in line with the broader market, even as a Goldman, Sachs & Co. analyst cut his second-quarter profit estimates on a handful of banks, noting an extremely challenging operating environment.

NEW YORK (AP) -- Shares of department stores rose Wednesday after Macy's Inc. reported better-than-expected first-quarter results and reiterated its full-year forecast.

NEW YORK (AP) -- Despite another bleak foreclosure report, housing stocks increased Wednesday after an analyst said valuations already have discounted continued housing weakness and disciplined builders could outperform this year.

NEW YORK (AP) -- Shares of solar energy products makers rose Wednesday after an analyst upgraded shares of a solar wafer maker and another analyst praised the sector's strong fundamentals.

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