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Natural gas utilities holding company $SRE reported 1Q16 earnings of $319MM or $1.27 per diluted share compared to $437MM or $1.74 per diluted share in 1Q15. Total revenue was $2.6Bil. Adjusted earnings were $370MM or $1.47 per diluted share in 1Q16 compared to $428MM or $1.71 per diluted share in 1Q15
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.