BC-Money & Markets Digest
Money & Markets modules for Friday, Sept. 7
The Labor Department issues its monthly tally of hiring by nonfarm employers. The Federal Reserve serves up its latest snapshot of consumer borrowing. Shoe retailer Genesco reports quarterly results.
British luxury fashion brand Burberry said that it will stop using real fur in its products and also stop destroying products that it cannot sell.
Long-term bet on aging octogenarians
Real estate developers gearing up for a boom in demand for senior housing and care facilities have built a glut of properties, which has dampened occupancy levels for health care real estate investment trusts, or REITs.
Pebblebrook Hotel (PEB)
G-III Apparel (GIII)
Lands’ End (LE)
CVS Health (CVS)
Lockheed Martin (LMT)
American Century Equity Growth (BEQGX)
Morningstar rates this fund “Neutral,” citing personnel turnover and “an uncompelling process.” It’s failed to beat its S&P500 benchmark since 2010.
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.