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$IR said orders for 2Q16 were up 3% organically, with climate orders up 6% organically. Organic global Commercial HVAC bookings were up high single digits, similar to 2Q16. This was led by low-teens growth in North America applied and unitary and strong growth of 36% in Latin America, which was against a relatively easy compare in 2015.
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.