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$BBBY, a chain of domestic merchandise retail stores, posted higher 4Q15 results, helped by higher net sales & benefit of certain non-recurring items. $BBBY said net income fell 5.4% to $303.54MM, while net income per share rose 6.1% to $1.91 per share vs. 4Q14. Net sales rose 2.4% to $3.4Bil and on a constant currency basis rose by approx. 2.8%.
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.