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$CVS expected Omnicare to be $0.20 accretive to its adjusted EPS in 2016, excluding transaction and integration costs. Further, the company projects Target's Pharmacies and Clinics to be $0.06 dilutive to its adjusted EPS in 2016, assuming the acquisition closes near the end of 2015.
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.