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$JBLU said traffic in April rose 8.6% from last year, on a capacity growth of 10.8%. Load factor fell by 1.6 points to 84.1% from last year. $JBLU's preliminary completion factor was 99.3% and its on-time performance was 78.9%. Preliminary revenue per available seat mile for April decreased about 12.5% YoverY.
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.