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Houston, Texas-based electric and natural gas utility $CNP said its utilities added nearly 80,000 new customers in 2015. The company stated it obtained $90MM in annualized rate relief, excluding $48MM of interim rate relief in Minnesota that will be decided upon in 2016. Planned CapEx for the upcoming years will be down from the peak level in 2015.
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.