Want to join the conversation?
$TRV repurchased 7.9MM shares during 2Q15 and 13.5MM shares during 1H15 under its share repurchase authorization for a total cost of $800MM and $1.40Bil, respectively. $TRV had $5.08Bil of capacity remaining under its share repurchase authorization as at June 30, 2015. $TRV's liquidity was of $1.72Bil with a weighted avg. maturity of 63 days.
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.