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BC-US--Money & Markets Digest, US

BC-US--Money & Markets Digest, US

Money & Markets modules for Thursday, Dec. 22

TODAY

The Commerce Department issues its latest estimate of third-quarter economic growth, and Rite Aid reports its quarterly earnings. The Labor Department releases its weekly tally of applications for unemployment benefits.

COMPANY SPOTLIGHT

FedEx slumped after the package delivery company said its quarterly expenses climbed and its earnings fell short of Wall Street estimates.

CENTERPIECE

VW looks past scandal

Volkswagen may be about to leave its embarrassing emissions-cheating scandal behind as its sales, earnings and stock price all recover.

STORY STOCKS

Twitter (TWTR)

InvenSense (INVN)

Southwestern Energy (SWN)

FedEx (FDX)

Accenture (ACN)

Finish Line (FINL)

Merrimack Pharmaceuticals (MACK)

Celgene (CELG)

FUND FOCUS

Causeway International Value (CIVVX)

This contrarian fund is underperforming for a third straight year, but Morningstar says such spells are to be expected and the fund's team has a "long record of success."

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.