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$BOBE expects to incur $7.5-8.0MM of expenses related to the closure of 27 Bob Evans Restaurants, with $6.5-7.0MM of the total expected to be non-cash charges. The company also estimates it will incur $1.5-2.5MM of pre-tax charges in FY17 related to lease termination, holding and other costs.
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.