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$GM's revenue from North America for 1Q16 grew to $26.46Bil from $24.68Bil in 1Q15, and that from Europe rose to $4.68Bil from $4.45Bil. Revenue from International Operations fell to $2.68Bil from $3.11Bil, and that from South America dropped to $1.34Bil from $2.09Bil. GM Financial revenue increased to $2.08Bil from $1.35Bil.
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.