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Aspen Insurance, the insurance segment of $AHL said the company has appointed Nicky Alexandru as Head of US Crisis Management. Based in New York & reporting to Global Head of Crisis Management Henry MacHale, Nicky will develop and grow a US Product Contamination/Recall capability, a new Crisis Management line of business for Aspen Insurance in US.
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.