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Sector roundup: Investment banks, chips

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May 12, 2008

Among the sector activity stories for Monday, May 12, from AP Financial News:

NEW YORK (AP) -- Investment bank stocks gained with the broader market Monday, as a Wachovia Capital Markets analyst said that trends for initial public offerings and mergers and acquisitions are improving.

NEW YORK (AP) -- The chip sector rose Monday, helped by Advanced Micro Devices Inc., which jumped on signs that its once lackluster business performance is improving.

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