Want to join the conversation?
Brewing company $TAP reported lower 4Q15 results, hurt by lower volume and increased marketing and information technology investment. $TAP said net income fell 48% to $113.1MM during 4Q15 compared to $217.7MM during the prior year. Revenue declined 1.9% to $1.7Bil during 4Q15. Domestic net revenue per barrel increased 1.5% during 4Q15.
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.