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$DRI's segment profit margin for Olive Garden grew by 410 BP to 20.3%, for LongHorn it remained flat at 14.9% whereas Fine Dining had an expansion of 100 BP. In Other Business segment, Seasons 52 in the Yard House brand significantly improved their profitability resulting in 360 BP improvement in segment profit margin.
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.