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$ALK said it promoted Ben Minicucci to president and COO of Alaska Airlines and appointed David Campbell as CEO and president of Horizon Air. Minicucci has been Alaska's COO and EVP since December 2008. Campbell joined Horizon as president and COO in July 2014 with more than 25 years of experience in maintenance and flight operations.
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.