Want to join the conversation?
Health insurance firm $TMK posted higher earnings in 2Q16 due to higher income before income taxes. Net income was $138MM or $1.13 per diluted share vs. $127MM or $1.00 per diluted share in 2Q15. Revenues rose 4.3% to $992MM vs. 2Q15, helped by higher premiums and net investment income 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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.