Want to join the conversation?
$ALL said its Property-Liability net written premium of $30.9Bil in 2015 grew $1.3Bil or 4.2% over 2014. Recorded combined ratio for the year of 94.9 increased 1 point versus 2014. Net investment income decreased 4.9% from the prior year, due mainly to lower performance-based investment income. Operating income was $1.9Bil, 8.2% lower than 2014.
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.