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Asset management firm $LM reported preliminary AUM of $756.6Bil as of July 31, 2016. July AUM included long-term onflows of $0.5Bil, driven by alternative of $1.1Bil and equity of $0.8Bil, largely offset by fixed income inflows of $1.4Bil. Liquidity inflows were $2Bil and July AUM included positive foreign exchange impact of $0.8Bil.
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.