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BC-Money & Markets Digest

Money & Markets modules for Friday, Nov. 16TODAYThe Federal Reserve issues its snapshot of how U.S. industrial production fared last month. Viacom and Helmerich & Payne report quarterly results.SPOTLIGHTRoyal Bank of Scotland and other British bank stocks plunged after the country's plans for leaving the European Union were thrown into turmoil, raising questions over London's future as a financial center.CENTERPIECEBuffett's buybacksWarren Buffett's company Berkshire Hathaway dusted off its

BC-Money & Markets Digest Image Source : APBC-Money & Markets Digest

Money & Markets modules for Friday, Nov. 16

TODAY

The Federal Reserve issues its snapshot of how U.S. industrial production fared last month. Viacom and Helmerich & Payne report quarterly results.

SPOTLIGHT

Royal Bank of Scotland and other British bank stocks plunged after the country's plans for leaving the European Union were thrown into turmoil, raising questions over London's future as a financial center.

CENTERPIECE

Buffett's buybacks

Warren Buffett's company Berkshire Hathaway dusted off its rarely-used buyback program this summer, repurchasing nearly a billion dollars of its own stock in a signal the famed investor couldn't find a better use for Berkshire's more than $100 billion cash reserves.

STORY STOCKS

Royal Bank of Scotland (RBS)

Cisco Systems (CSCO)

J.C. Penney (JCP)

Dillard's (DDS)

Oracle (ORCL)

KB Home (KBH)

Facebook (FB)

Berry Global (BERY)

FUND FOCUS

American Funds Global Balanced (GBLAX)

This fund prefers overseas stocks and tends to be defensive. Managers buy stocks that pay dividends or have "compelling ideas," Morningstar says.

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Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.