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$FE said at the regulated utility business, it expects 2016 operating earnings of $1.74-1.82 per share with a midpoint of $1.78, which is slightly higher than 2015 weather normalized operating earnings of $1.76 per share. The company expects share dilution of $0.04 at the distribution segment related to approx. $600MM of total equity in 2016.
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.