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BC-APFN-US--Money & Markets Digest

BC-APFN-US--Money & Markets Digest

Money & Markets modules for Wednesday, May 31

TODAY

Technology firm Hewlett Packard Enterprises and fashion retailer Michael Kors report their latest quarterly earnings. The National Association of Realtors releases monthly data on pending home sales.

COMPANY SPOTLIGHT

Shares in British Airways' parent company slipped Tuesday after a catastrophic IT failure stranded thousands of passengers during a long holiday weekend.

CENTERPIECE

Earnings Wrap: Taking off

Standard & Poor's 500-listed companies have reported the strongest quarter of growth in nearly six years, a sign that the profit recession of the last two years is clearly over.

STORY STOCKS

Hess (HES)

CardConnect (CCN)

Atwood Oceanics (ATW)

PNC Financial Services (PNC)

Delta Air Lines (DAL)

Xactly (XTLY)

Symantec (SYMC)

Amazon.com (AMZN)

FUND FOCUS

Columbia US Govt Mortgage (AUGAX)

This fund leads its category, but Morningstar still has a "Neutral" analyst rating on it because it carries more non-agency securities than its peers and holds leveraged and relatively illiquid investments.

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.