BC-Money & Markets Digest
Money & Markets modules for Friday, May 3
The Labor Department issues its April tally of hiring by nonfarm employers. The Commerce Department serves up its March data on U.S. wholesale business inventories. Newell Brands reports quarterly results.
3M is buying medical technology company Acelity for $6.7 billion, including debt.
Home prices cooling
California residents have reason to complain about stratospheric home prices, but the market is beginning to pull prices closer to earth after so many would-be buyers have been priced out.
Whiting Petroleum (WLL)
Under Armour (UAA)
Eaton Vance Floating Rate (EVBLX)
Even with a manager departure upcoming, Morningstar says this fund “remains in good hands.” The team’s process is relatively conservative for the category.
For questions about Money & Markets modules, please contact Seth Sutel (212-621-1618). 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.