• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Tuesday, June 25

    TODAY

    The Commerce Department issues its May tally of new U.S. home sales. FedEx reports quarterly results. The Conference Board serves up this month's snapshot of U.S. consumer confidence.

    SPOTLIGHT

    Bristol-Myers Squibb shares suffered their worst drop in six months after the drugmaker said its $74 billion purchase of rival Celgene would be delayed while it responds to regulators’ demand that it divest a treatment for psoriasis.

    CENTERPIECE

    City breaks

    Cities are among the biggest beneficiaries of a boom in air travel and the expansion of Airbnb-style accommodations that is changing how people vacation.

    STORY STOCKS

    Eldorado Resorts (ERI)

    AMAG Pharmaceuticals (AMAG)

    Del Frisco’s Restaurant (DFRG)

    Western Digital (WDC)

    State Street (STT)

    FedEx (FDX)

    MGM Resorts (MGM)

    Bristol-Myers Squibb (BMY)

    FUND FOCUS

    AMG Yacktman Focused (YAFFX)

    This fund has been more oriented toward value than growth in recent years, and focuses on making "long-term bets on quality companies," 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.

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