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$SLG and $VNO said they have closed on refinancing of 280 Park Avenue, a premier 1,250,000 square foot Manhattan office building that is held by the companies in a JV. The new $900MM loan carries 3-year term and a floating interest rate of LIBOR plus 2.00%. The loan replaces previous $721MM indebtedness that carried interest rate of about 6.35%.
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.
$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?