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Natural gas, liquids, and oil producer $DVN reported 4Q15 net loss of $4.9Bil or $11.12 per diluted share versus net loss of $379MM or $1.01 per diluted share YoverY, hurt by lower sales and derivatives and higher non-cash, asset-impairment charges. Operating revenues fell 51.9% to $2.9Bil versus $6Bil in 4Q14.
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.