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$CPB said in Global Biscuits and Snacks, organic sales grew 2% in 4Q16, with double-digit gains in Pepperidge Farm Goldfish crackers and growth in Arnott's biscuits in Australia and New Zealand, driven by increased promotional activities. Operating earnings grew 5% to $81MM as lower administrative costs were partly offset by a lower GM percentage.
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.