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$FLS' capital expenditures for 2015 rose to $181.9MM from $132.6MM in the previous year. In 2016, $FLS now sees capital expenditures of $105-115MM before consideration of any acquisition activity. $FLS' cash needs for next 12 months are expected to be less than those of 2015 resulting from lower level of expected CapEx and share repurchase.
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.