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$ITW 2Q15 PR: Operating revenues were $3,434MM down 8% compared to $3,719MM in 2Q14. Organic revenue was up slightly for the total company. Growth was positive for both North America and International, with Europe up 2%. Net Income was $480MM compared to $1,492MM in 2Q14. Operating Income was $730MM compared to $763MM in 2Q14.
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.