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$MDT FY15 10-K: Net Sales: Cardiac and Vascular Group, $9,361MM, up 6% from $8,847MM in FY14. Minimally Invasive Therapies Group, $2,387MM. Restorative Therapies Group, $6,751MM, up 4% from $6,501MM. Diabetes Group, $1,762MM, up 6% from $1,657MM in FY14. Increase in net sales was primarily attributable to Covidien acquisition.
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.