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$SPG said total reported retail sales per sq.ft. at malls and outlets were $6.07 in 2Q16. Reported retail sales were negatively impacted by the strong dollar at some of the tourist-oriented malls and outlets. At 2Q16-end, redevelopment expansion projects were ongoing at 33 properties across the platforms and $SPG's share of this was $1.4Bil.
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.