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$PCL 1Q15 10-Q: PCL has $225MM term credit agreement that matures on April 3, 2019. The interest rate on the term credit agreement was 1.68% and 1.67% as of March 31, 2015 and December 31, 2014, respectively. The interest rate on term credit agreement is based on LIBOR plus 1.50%.
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.