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$WBS' Webster Bank said it promoted Frank Castagna to SVP, credit executive in the Chief Risk Officer Group. Karen Giusto-lavasile promoted to SVP, manager of underwriting and processing in the Community Bank. Heidi Otton promoted to SVP, manager, secondary markets in the Community Bank.
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.