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Norwalk, Connecticut-based $XRX said that the company's cash balance at 1Q16-end was $1.2Bil and ended the quarter with $7.4Bil of debt, in line with year-end debt level. For FY16, the company expects to spend $300MM, $100MM above the previous guidance. In 2Q16, $XRX also said it expects to incur about $100MM in restructuring cost.
What will be an ideal EPS range for $PZZA in its earnings today?
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.