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$CINF 2Q15 PR: "Operating income rose 84% & net income more than doubled for 2Q14. Property casualty insurance underwriting profits raised $90MM before taxes, taking net income to highest level for any second quarter since 2007. Pretax income from our investment portfolio also contributed, growing 3% above total reported for 2Q14,” said Steven CEO.
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.