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$SWFT said its Founder and CEO, Jerry Moyes, will be retiring, effective Dec. 31. Current COO Richard Stocking will take over as President and CEO. Until Dec. 31, Moyes and Stocking will be Co-CEOs, although all day-to-day duties will be immediately transitioned to Stocking. From Jan. 1, 2017, Moyes will be Chairman Emeritus and a member of BoD.
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.