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$UTX said that in 2Q16, the company posted sales of $3.097Bil in its Otis segment, down 0.03% from a year ago and in UTC Climate, Controls & Security, sales were $4.459Bil, up 0.11% YoverY. In Pratt & Whitney, sales rose 3.69% to $3.813Bil and in UTC Aerospace Systems, sales were $3.716Bil, up 2.31% from a year ago.
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.