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$LYB CEO Bob Patel said chemical and polyolefin markets during 3Q16 thus far have generally been well balanced with trends similar to 2Q, but refining and oxyfuel margins have declined. Refinery repairs have been completed, and the Corpus Christi ethylene plant expansion is expected to be completed by end of 3Q, Patel said.
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.