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New York-based insurance company $MET posted 4Q15 net income of $785MM or $0.70 per share. Full year 2015 net income was $5.2Bil or $4.57 per share. Total operating revenue fell 6% to $17.1Bil from $18.25Bil in 4Q14. Operating earnings of $1.4Bil fell 13% from 4Q14, and 10% on a constant currency basis. Operating EPS was $1.23, down 11% from 4Q14.
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.