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Houston, Texas-based independent oil and gas company $MCF reported lower loss for 1Q16 of $11.4MM or $0.60 loss per diluted share, compared to a net loss of $18.6MM or $0.98 loss per diluted share in 1Q15. Total revenue was approx. $17.58MM. Adjusted EBITDAX for the quarter was $7.3MM in 1Q16.
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.