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$AEP which competes with $CNP, $DUK and $ETR, said that 1Q16 operating earnings were $501MM or $1.02 per share vs. $625MM or $1.28 per share in 1Q15. The earnings decline was driven by unfavorable weather conditions and the expected decline in earnings in the Generation and Marketing segment due to the reduction in Ohio capacity revenues.
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.