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Lumber producer & wood products maker $WY posted lower 1Q16 results, hurt by after-tax merger related costs, partially offset by a $22MM after-tax gain on sale of the company's Federal Way headquarters campus. $WY said net income fell 22% to $70MM or $0.11 per share, and revenue rose 6.25% to $1.84Bil. Excluding items, $WY earned $0.24 per share.
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.