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$SO said that under the terms of the agreement, on July 1, 2016 each share of AGL Resources common stock was canceled and converted into the right to receive $66 in cash, for a total purchase price of about $8Bil. AGL Resources common stock will cease trading on the NYSE immediately prior to market open on July 1.
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.