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$INTC named Robert "Bob" H. Swan as EVP & CFO, effective Oct. 10, 2016. Swan joins from General Atlantic. He will report to CEO Brian Krzanich and oversee the global finance and IT organizations, as well as the Corporate Strategy Office. He replaces Stacy Smith, who will take a broader role within $INTC leading manufacturing, sales and operations.
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.