BC-Money & Markets Digest
Money & Markets modules for Friday, Aug. 10
Nordic American Offshore, Meredith Corp. and Ruth’s Hospitality Group all report their latest quarterly earnings today.
Rite Aid has scrapped plans for a merger with grocery chain Albertsons after the deal to create a leader in food and health attracted opposition from a major shareholder.
Where did restaurant customers go?
McDonald’s, Starbucks, Chipotle and Dunkin’ Donuts all reported higher sales at locations open at least a year. But that was because they raised prices and promoted more expensive items or sides, not because they attracted more diners.
Rite Aid (RAD)
Dun & Bradstreet (DNB)
Sinclair Broadcast (SBGI)
Party City (PRTY)
Matthews Pacific Tiger (MAPTX)
This fund’s gains over the past year have been “so-so,” Morningstar says, but it has solid long-term returns as well as low fees, giving it an edge.
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