Want to join the conversation?
$DUK 2Q15 Call: In Florida, Duke announced an agreement to purchase a 7.5% stake in the Sabal Trail Gas Pipeline from Spectra Energy for $225MM. The pipeline is expected in service by 2017-end and will serve the growing natural gas needs in the state, including 1,640 MW Citrus County combined cycle plant, which is expected to be online in 2018.
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.