BC-US--Money & Markets Digest, US

Money & Markets modules for Wednesday, August 14

TODAY

Macy's reports second-quarter results today. Investors will be looking for insight into the start of the back-to-school shopping season,

COMPANY SPOTLIGHT

New brands boost Flowers

Acquisitions helped Flowers Foods in the second quarter. The maker of baked goods saw its profit rise 64 percent.

CENTERPIECE

Reconsidering bonds

Investors are rethinking their bond strategies. In July, they pulled money out of taxable bond mutual funds for a second straight month. That's the first time that's happened since late 2008. In the five weeks ended July 31, investors withdrew an average $2.3 billion each week, following a net $44 billion in June. Muni-bond funds have recorded monthly net withdrawals since March.

STORY STOCKS

US Airways (LCC)

J. C. Penney (JCP)

Eli Lilly (LLY)

Yum Brands (YUM)

InterOil (IOC)

Micron (MU)

BlackBerry (BBRY)

Digital Generation (DGIT)

FUND FOCUS

Janus Overseas (JAOSX)

Morningstar recently downgraded the fund's analyst rating for expected returns to bronze from silver because of the fund's record since the start of 2011.

QUESTION OF THE DAY

Priceline.com almost hit $1,000 last week. Does a high share price make you less likely to invest?

a) Yes

b) Makes me cautious

c) Not at all

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