Want to join the conversation?
During 2Q16, $IPG's total OpEx rose 2% from 2Q15, mainly due to a 2% increase respectively, in salaries and related expenses, as well as office and general expenses for the quarter. The company posted net interest expense of $18.9MM for the quarter, while income tax provision was $43.7MM on income before income taxes of $205.8MM.
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.