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Ad management company $SZMK said it will split its sales organization to boost productivity. After the split, $SZMK will have 2 separate teams focused on the Americas and the Rest of World. Team heads will report to CEO Neil Nguyen. Liz Ritzcovan, Chief Revenue Officer, will be leaving $SZMK, effective Nov. 30.
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.