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The third quarter 2015 net revenue for the hotel and casino operator $WYNN declined 27% YoverY. The decline was the result of a 37.9% net revenue decrease from Macau Operations and a 3.9% net revenue decrease from Las Vegas Operations. Net income attributable to Wynn Resorts, Limited was $73.8MM or $0.73 per diluted share for 3Q15.
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.