Want to join the conversation?
Petroleum refining and marketing company $VLO said that its 4Q15 net income slid 74% to $298MM from a year ago and its EPS also plummeted 72% to $0.62 from a year ago period, hurt by weakness in global commodity prices. Quarterly revenues totaled $18.78Bil, a decrease of 33% compared with revenues of $27.86Bil in 4Q14.
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.