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$NFX's 3Q15 depreciation, depletion and amortization fell 21% on a per barrel of oil equivalent basis mainly due to the impact of the non-cash ceiling test impairments in 1Q15 and 2Q15. The company expects a further decrease in 4Q15 as a result of the impairment recorded effective Sept. 30, 2015.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.