BC-Money & Markets Digest
Money & Markets modules for Wednesday, March 20
The Federal Reserve issues its latest interest rate policy update. General Mills and Williams-Sonoma report quarterly results.
Ford’s stock jumped after it said it will shift 550 jobs to its Kentucky Truck Plant to boost production of its Expedition and Lincoln Navigator vehicles to meet growing demand for its large SUVs.
Legacy brands struggle
Brands that Americans grew up with _ Campbell’s, Heinz, Smuckers and others _ are suffering as consumers switch to less processed foods and cheaper store brands.
Syneos Health (SYNH)
Covenant Transportation (CVTI)
Ford Motor (F)
Fidelity Total Bond (FTBFX)
This team-managed fund has a deep research focus and “nimble implementation,” Morningstar says, earning it a “Gold” analyst rating.
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.