BC-Money & Markets Digest
Money & Markets modules for Thursday, Aug. 2
Frosted Flakes maker Kellogg and insurance giant AIG report their second-quarter results. The Commerce Department releases data on factory orders in June.
Cheesecake Factory stock plunged to a four-month low after the Calabasas Hills, California-based restaurant chain reported second-quarter profit that was far below what Wall Street expected.
Fewer unemployment checks
As of the middle of July, there were 1.75 million people collecting unemployment benefits, the lowest total since 1973. That’s a sign that economic growth could continue.
SodaStream International (SODA)
Big 5 Sporting Goods (BGFV)
Pandora Media (P)
Cheesecake Factory (CAKE)
Campbell Soup (CPB)
American Funds American Mutual Fund (AMRMX)
Morningstar calls this “Gold”-rated fund’s approach “old but not outdated.” It boasts skilled management and a best-in-class approach to succession, Morningstar says.
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.