Want to join the conversation?
Maker of oil & gas drilling equipments $NOV posted loss during 2Q16 due to falling global oilfield spending following the crude oil price bottom seen in Feb. Net loss was $217MM, or $0.58 loss per vs. net income of $289MM or $0.74 per diluted share in 2Q15. Revenues fell 21% to $1.72Bil, hurt by lower revenues in segments.
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.