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In 2015, $TE's net income was $173.5MM or $0.74 per share. In 2015, net income from continuing operations was $241.2MM or $1.03 per share. The $67.7MM loss from discontinued operations in 2015 includes the operating results from TECO Coal, impairment charges totaling $50.8MM and the $7.7MM charge related to black lung liabilities.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.