BC-Money & Markets Digest
Money & Markets modules for Tuesday, Nov. 20
Lowe’s and Best Buy report quarterly results. The Commerce Department issues its latest monthly tally of newly started U.S. residential construction projects.
Oil and gas company Cimarex is acquiring competitor Resolute Energy in a cash-and-stock deal valued at $1.6 billion, including debt, that will expand its reach.
Budget battles loom large
With Republicans retaining control of the Senate and Democrats winning back the House in the recent midterm elections, the stage is set for major battles next year. No fight is likely to be bigger than passing a new budget.
Resolute Energy (REN)
Spectrum Brands (SPB)
General Electric (GE)
Columbia Seligman Com. & Info. (SLMCX)
The fund’s semiconductor overweighting has detracted from results, but it still has a prudent process and impressive long-term record, Morningstar says.
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