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Los Angeles-based REIT $KRC said veteran real estate professional Rob Swartz has joined the company to manage its Pacific Northwest region. Swartz will be responsible for leasing and marketing activities for stabilized and development projects in the region, as well as identifying new opportunities and expanding company's footprint in this market.
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.