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$NKE's 1Q16 effective tax rate decreased 330 basis points compared to 1Q15, driven primarily by an increase in the proportion of earnings from operations outside the US, which are generally subject to a lower tax rate, as well as certain discrete items recognized in the quarter.
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.