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$PEG 2Q15 PR: PSEG closed 2Q15 with $597MM of cash on its balance sheet with debt at quarter end representing 41.9% of consolidated capital. During 2Q15, PSE&G issued $350MM of 10-year secured medium-term notes at 3% and $250MM of 30-year secured medium term notes at 4.05% and redeemed $300MM of 2.7% secured medium term notes.
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.