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$HIBB said its kids' business was down low single digits, with boys performing better than girls. The company's women's business continues to be the biggest challenge, down high single digits. Accessories were up low singles, driven by items in hydration, offsetting declines in socks and sunglasses.
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.