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$HRB revenues increased 3% to $138MM from $134MM in 1Q15, due primarily to higher product revenues, partially offset by negative forex. Net loss from continuing operations improved $12MM to $97MM. Loss per share from continuing operations was $0.35 compared to $0.40 a year ago.
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.