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Oil and gas company $MUR posted 1Q16 net loss of $198.8MM, or $1.16 per share vs. net loss of $144.4MM, or $0.08 per share during 1Q15. Net loss included non-cash impairment of oil and natural gas properties of $95.1MM and restructuring charges of $9.3MM. Revenue fell 53% to $430.2MM. Excluding items, $MUR reported adjusted loss of $0.66 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.