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Jud Bailey of Wells Fargo asks about elevated cost structure. $HAL President Jeff Miller said that in North America the company is carrying 300 BP of added cost, which was started to dismantle in 1Q16. This process will continue through end of year and expect to eliminate about 100 BP per quarter. So overall, $HAL will reduce cost by about 25%.
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.