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Commercial real estate company $SPG posted 1Q16 net income attributable to common stockholders of $481.0MM, or $1.55 per diluted share vs. $539.1MM, or $1.73 per diluted share in 1Q15. Revenue rose 10% to $1.366Bil vs. $1.216Bil in 1Q15, helped by increases in minimum rent, tenant reimbursements and other income.
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.