BC-Money & Markets Digest
Money & Markets modules for Thursday, May 17
Walmart and J.C. Penney report quarterly results. The Conference Board serves up its latest index of leading economic indicators.
Animal health company Zoetis is spending close to $2 billion to buy Abaxis, a San Francisco Bay Area-based maker of blood testing equipment used by doctors and veterinarians.
Marriott’s steady climb
Investors have rewarded hotel giant Marriott for its steady growth, including its 2016 acquisition of Starwood Hotels. But CEO Arne Sorensen has acknowledged that pipeline growth is slowing.
Newfield Exploration (NFX)
Teva Pharmaceutical (TEVA)
Phillips 66 (PSX)
Office Depot (ODP)
Packaging Corp. of America (PKG)
Artisan Global Value (ARTGX)
The “prudent and distinct approach” of this fund’s co-managers, Dan O’Keefe and David Samra, warranted a recent upgrade of its Morningstar analyst rating to “Gold.”
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.