Want to join the conversation?
$ROP had other income of $58.7MM for the year ended December 31, 2015 which was composed primarily of the $70.9MM gain from the divestiture of Abel Pumps, offset in part by a $9.5MM impairment charge on a minority investment. During 2015, effective income tax rate was 30.6%, which was 70BP higher versus 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.