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$NEE intends to repay in full the EFIH debtor-in-possession financing facility of about $5.4Bil using cash financed by a non-EFH/Oncor $NEE affiliate upon closing. As part of EFH's reorganization plan, the transaction would extinguish all EFH and EFIH debt that currently exists above Oncor. The transaction is expected to be close in 1Q17.
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.