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$GES, which competes with rivals $ANF, $GPS and $RL, said that for 2Q17, it expects GM to be down mainly due to the currency headwinds as it comes up against hedges and favorable rates of last year. SG&A was expected to be up in 2Q17 as a percentage of sales due to investments in advertising and marketing and some timing of expenses.
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.