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$TAP also started a private offering by Molson Coors International of C$1Bil of its senior notes, consisting of C$500MM of 2.840% Senior Notes due 2023 and C$500MM of 3.440% Senior Notes due 2026. Total principal amount of this offering is expected to be $6.8Bil. Both offerings are expected to close on July 7, 2016.
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.