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$FDX said that it reaffirms its adjusted FY16 earnings outlook of $10.40-10.90 per diluted share before year-end mark-to-market pension accounting adjustments (MTM adjustments). The effective tax rate for the FY16 is expected to be about 36% excluding any MTM adjustments and the impact of the TNT transaction, while CapEx remains at $4.6Bil.
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.