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Specialty department store $KSS said that during 1Q16, the company recorded $53MM in store impairment charges and $11MM of severance and other costs related to the previously announced store closures and corporate re-alignment. $KSS expect to incur an additional $105-110MM in related charges in 2Q16.
What will be an ideal EPS range for $PZZA in its earnings today?
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.