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Sector roundup: Rental car cos., chips



By AP
03 July 2008 @ 02:19 pm EST

Among the sector activity stories for Thursday, July 3, from AP Financial News:

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Quotes
NVDA 7.84 -1.19
AMLN 16.05 -1.12
NVO 52.29 1.65

SYMBOL LOOKUP

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.

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 This material may not be published, broadcast, rewritten or redistributed.

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