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Automotive retailer $AN said that it has signed agreements to acquire four stores, including five franchises, in the Westchester County, New York. The stores to be acquired collectively represent approx. $190MM in annual revenue and 2,600 retail new and used vehicle annual unit sales. The acquisitions are expected to close in 3Q16.
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.