Want to join the conversation?
$PDCE said borrowing base on its revolving credit facility has been re-affirmed at $700MM and that it has elected to keep its commitment level at $450MM. $PDCE settled its "3.25% Convertible Senior Notes due 2016". The company paid $115MM, utilizing proceeds from March 2016 equity offering. $PDCE issued 792,406 shares for $42.40 per share.
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.