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$PXD 1Q15 10-Q: At March 31, 2015 (vs. at Dec. 31, 2014): Cash & cash equivalents were $383MM vs. $1,025MM. Inventories were $266MM vs. $241MM. Current portion of PXD’s asset retirement obligations was $31MM vs. $28MM. Net debt to book capitalization was 21% vs. 16%. PXD had no outstanding borrowings under the Credit Facility.
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.