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Oil and gas company $PXD said it is offering its stock at $117 per share, with the offering size raised from 10.5MM to 12MM shares. $PXD will receive total proceeds of about $1.4Bil. $PXD has given the underwriters a choice of 30 days to purchase up to an additional 1.8MM shares. The offering is expected to close on or about Jan. 11, 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.
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.