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$IVZ said its 1Q16 adjusted OpEx at $511MM decreased by $19.4MM or 3.7% relative to 4Q15. FX decreased OpEx by $6.5MM during 1Q16. Employee compensation came in at $340.3MM, an increase of $1.5MM or 0.4%, driven by normal seasonal increase in payroll taxes, which was largely offset by a reduction in variable compensation.
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.