BC-APFN-Money & Markets Digest
Money & Markets modules for Friday, July 13
The Labor Department issues its monthly snapshot of prices paid for goods imported to the U.S. The University of Michigan releases its latest U.S. consumer sentiment index. Wells Fargo, Citigroup and JPMorgan report quarterly results.
New York-based CA Technologies’ shares soared to an 18-year high after Silicon Valley chipmaker Broadcom said it would pay nearly $19 billion in cash to buy it in a bid to become a world-leading IT infrastructure provider.
It’s not often that a $1 billion purchase looks cheap in retrospect. But Facebook’s 2012 acquisition of Instagram easily clears that bar.
L Brands (LB)
Bank of the Ozarks (OZRK)
Commerce Bancshares (CBSH)
Papa John’s (PZZA)
Metropolitan West Low Duration Bond (MWLDX)
Morningstar recently upgraded this fund’s rating to “Bronze,” saying its process has improved thanks to a greater focus on liquidity and diversification.
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.