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$UNH 1Q15 10-Q: At 1Q15-end, cash and cash equivalents were $8,650MM, up 15.41% from $7,495MM at 1Q14-end. In March 2015, UNH entered into an agreement to acquire Catamaran for $12.8Bil in cash, expected to close during the 4Q15. Revenues: Consolidated increased 13%; UnitedHealthcare increased 12% and Optum increased 15%.
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.