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$SJM said its free cash flow was $295MM for 4Q16, bringing the 2016 total to $1.26Bil. The outperformance compared to the company's most recent free cash flow guidance of $975MM was due to exceeding its 2016 working capital improvement target, lower than projected CapEx, a 4Q16 tax refund of $53MM and higher net 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.