Want to join the conversation?
$SWN completed the divestiture of long-dated acreage in West Virginia for $450MM. This was scheduled to be developed in or after 2023 providing $SWN with the opportunity to realize a strong purchase price with no appreciable near-term production or cash flow loss. The due diligence is progressing well and the deal is expected to close in 3Q16.
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.