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Detroit-based diversified energy company $DTE posted higher 3Q15 earnings growth and raised its 2015 outlook as weather and storm-related activity remained normal for electricity utility. Earnings rose 68% to $265MM, or $1.47 per diluted share, compared to a year ago. Full year 2015 earnings guidance increased to $4.65-4.91 from $4.48-4.72.
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.