BC-Money & Markets Digest
Money & Markets modules for Thursday, June 14
The European Central Bank meets to discuss its bond-buying program; The Commerce Department reports retail sales data for May; Adobe Systems reports its second-quarter earnings.
H&R Block shares plunged after CEO Jeffrey Jones warned the tax preparer’s profit margin will shrink this year as it revamps its pricing to stay competitive.
AT&T’s green light
A federal judge’s approval of AT&T’s $85 billion deal for Time Warner could shape how much consumers pay for streaming TV and movies.
Time Warner (TWX)
H&R Block (HRB)
Twenty-First Century Fox (FOXA)
CVS Health (CVS)
Express Scripts (ESRX)
Johnson & Johnson (JNJ)
Vanguard Value Index (VIVAX)
This low-cost, tax-efficient fund is a “great choice” for owning large value stocks, Morningstar says. It tracks the CRSP U.S. Large Cap Value Index.
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.