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$SHW 2Q15 10-Q: Cash and cash equivalents at the end of 2Q15 were $75.07MM compared to $267.2MM at the end of 2Q14. Cash and cash equivalents increased $34.3MM during 1H15. At June 30, 2015, the Company’s current ratio was 0.90 versus 0.96 at Dec. 31, 2014 and 1.14 a year ago. The decrease resulted primarily from the increase in short-term debt.
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.