Want to join the conversation?
Data analytics provider $VRSK said that in April, it signed a definitive agreement to sell the healthcare business to Veritas Capital, a private equity firm, for $820MM. $VRSK expects to close the sale by the end of 2Q16. CEO Scott Stephenson said that this deal will allow $VRSK to focus on data analytics businesses in the company's key verticals.
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.