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Insurance and financial services company $PRI said that 2Q16 operating revenues rose 7% to $375.8MM and net operating income rose 17% to $57.1MM vs. 2Q15. The company said that results were driven by continued momentum in the Term Life business, as well as the seasonally strong trends historically experienced in the second quarter.
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.