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$OXY's net sales for 1Q16 declined by $815MM from last year, due to lower realized commodity prices. Cost of sales declined by $276MM, reflecting lower oil and gas production costs, mainly from maintenance and support activities and lower raw material and energy costs for the chemical business.
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.