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$GWW 2Q15 Call-Laura, IR: Company generated $28MM of productivity savings to fund $25MM of incremental growth & infrastructure spending. Operating earnings were $357MM, an increase of 5% versus 2Q14. Reported operating margin was 14.1%, an increase of 50BP versus prior year. Adjusted operating margin was 14.2%, an increase of 10BP versus prior year
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.