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Electric power distributor $EIX said its Chairman and CEO, Theodore Craver Jr., will retire effective Sept. 30, 2016 as per company's practice of its CEO retiring upon reaching age 65. Pedro Pizarro will succeed Craver as CEO, and independent director William Sullivan will be Non-Executive Chair.
What will be an ideal EPS range for $PZZA in its earnings today?
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.