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Sector roundup: Farm equipment cos., Chinese Web stocks

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April 29, 2008

Among the sector activity stories for Tuesday, April 29, from AP Financial News:

NEW YORK (AP) -- Shares of farm equipment companies tumbled Tuesday, after Agco Corp. issued a weak 2008 profit outlook, boosting investor worries about the sector's sales outlook for the year.

NEW YORK (AP) -- Chinese Internet stocks mostly declined Tuesday, with shares of CDC Corp. falling after the company said its fourth-quarter loss widened and said that, according to preliminary results, its first-quarter revenue came close to analysts' views.

NEW YORK (AP) -- Semiconductor stocks edged lower in midday trading Tuesday following quarterly reports from companies including Atheros Communications Inc., Ultra Clean Holdings Inc. and Vishay Intertechnology Inc.

NEW YORK (AP) -- Shares of Excel Maritime Carriers Ltd. led the drybulk sector's retreat Tuesday after a Cantor Fitzgerald analyst downgraded the stock, saying it has gotten to expensive.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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