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$PH said FY16 total sales are expected to be in the range of negative 11.9-9.9% or negative 10.9% at the midpoint as compared to last year. Adjusted organic growth at the midpoint is negative 8.2%. Currency in the guidance negatively impacts sales by 3%, the majority of which is attributed to the Industrial International segment.
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.