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BC-APFN-Money & Markets Digest

September 14, 2018

Money & Markets modules for Saturday, Sept. 15

THE WEEK AHEAD

General Mills serves up its fiscal first-quarter results Tuesday. The Commerce Department issues its monthly tally of housing starts Wednesday. The Conference Board reports its latest index of leading indicators Thursday.

SPOTLIGHT

Investors sent shares in Dave & Buster’s Entertainment sharply higher after the restaurant and arcade chain’s latest earnings topped Wall Street’s expectations. The company also said it will start paying quarterly dividends.

CENTERPIECE

Glaxo gets a shot in the arm

GlaxoSmithKline’s new shingles vaccine Shingrix is racking up sales well beyond expectations. It couldn’t come at a better time, with the British drugmaker steadily losing revenue from former top seller Advair and some other older prescription drugs.

STORY STOCKS

Dave & Buster’s (PLAY)

Adobe Systems (ADBE)

SVB Financial (SIVB)

L Brands (LB)

NiSource (NI)

CSX (CSX)

Verizon Communications (VZ)

AMC Entertainment (AMC)

FUND FOCUS

Invesco International Growth (AIIEX)

Morningstar says this fund still deserves its “Silver” rating despite some recent struggles. Management is “very experienced” and its strategy is “reasonable.”

For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.

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