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$APA's crude oil revenue for 3Q15 fell by $1.3Bil from last year. A 3% decline in average daily production reduced 3Q15 revenue by $40MM from last year, while 51% lower realized prices decreased revenues by $1.3Bil. Crude oil prices realized in 3Q15 averaged $46.34 per barrel, compared to $94.38 in the previous year quarter.
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.