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$KO 2Q15 PR: Reported net revenues of $12,156MM, down 3% vs. $12,574MM in 2Q14 and net income attributable to shareowners of KO was $3,108MM vs. $2,595MM in 2Q14. Diluted EPS was $0.71 vs. $0.58 in 2Q14. YTD cash from operations was up 14% to a record $5.1Bil and company gained global value and volume share in nonalcoholic ready-to-drink beverages.
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.