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$KMB expects negative foreign currency translation effects on net sales and operating profit to be 4-5% in 2016. Organic sales growth is expected to be at the low end of the previously assumed range of 3-5%. Cost savings from the company's FORCE are anticipated to be $350-400MM, up from previous assumption of at least $350MM.
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.