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Oil and gas exploration company $EGN said it has launched an underwritten public offering of 12,000,000 shares of common stock, subject to conditions. There will be a 30-day option to purchase up to 1,800,000 additional shares of common stock. $EGN will use the net proceeds to repay debt, for development activities, and for corporate purposes.
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.