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$BAX's worldwide sales grew 6% on a constant currency basis and 4% on a reported basis in 2Q16. Sales growth was helped by a strong performance in the U.S. systems, U.S. dialysis, and global acute-care renal therapy businesses. $BAX discontinued its investment in the home hemodialysis program and plans to reinvest that spending into new programs.
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.