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$WHR 2Q15 Call: EMEA region sales were $1.3Bil vs. $0.7Bil in 2Q14, driven by integration and continued recovery invest in European demand. Ongoing operating profit was a second quarter record of $56MM with ongoing operating margins of 4.2% vs. $2MM and 0.2% in the 2Q14. We expect our integration activities to continue building in the back half.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.