Wall St. rises on trade, earnings optimism
U.S. stock indexes rose on Tuesday, with the S&P closing in on its all-time high, helped by some encouraging earnings reports and optimism that planned trade talks between the United States and China would help resolve their trade spat.
Exclusive: Trump doesn’t expect much from China trade talks this week
U.S. President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday.
Exclusive: Trump demands Fed help on economy, complains about interest rate rises
U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.
Better Buy: Freeport-McMoRan Inc. vs. Hecla Mining
Both mining stocks have dropped sharply in recent months, but one is closer to resolving its biggest problem.
Pumpkin Spice Season Is (Almost) Here, According to Dunkin’ Donuts and Starbucks
The Autumnal equinox doesn’t take place until September 22, but many people’s true marker of the first day of fall will hit in less than a week. Starbucks’ Pumpkin Spice Lattes are reportedly set to make their return on August 28, while Dunkin’ Donuts has confirmed it will officially roll out its pumpkin spiced (and other fall flavored) coffees one day earlier on August 27. As you check the forecast high in your city (101 degrees Fahrenheit in Las Vegas and San Antonio, 90 in Portland) and wonder if this is all a bit too early, it might reassure you to know that in 2017, the PSL didn’t make its official debut until early September. If you’re not familiar with the drink, here’s what all the fuss is about. The PSL is topped with pumpkin pie flavor, seasoned with cinnamon, ginger, cloves, and nutmeg. And fans of the beverage happily toss their money at baristas once it goes on sale for a short period each year. That mania has spiked sales at rivals as well, which is why Dunkin’ Donuts is looking to get a bit of a head start. And, if social media is to be believed, some enthusiasts […]
JPMorgan Chase will offer free online trades to customers
Facing growing competition from free trading services, the nation’s largest bank will start offering 100 free online trades a year to its customers.
Trump’s Fed attack sees dollar dive and emerging markets rally
Donald Trump’s critical comments of the US Fed held back some stocks on Tuesday, while the dollar fell for a fourth consecutive day in its worst spell since March. As David Pollard reports, Trump said he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the Fed should do more to help him to boost the economy.
Lyft surpasses 5,000 self-driving rides with Aptiv fleet
Lyft has completed more than 5,000 self-driving rides through its ride-hailing app, the company said on Tuesday, as it aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches.
Beijing hopes for ‘good result’ despite Trump’s trade negativity
China says it hopes trade talks with the United States this week can reach a “good result”. But, as Sonia Legg, reports, that optimism wasn’t shared by President Trump.
What killed coal? Technology and cheaper alternatives
We’ve Downgraded These Funds’ Price Ratings
Britain can’t afford to close door to EU banks after Brexit
Britain is expected to keep the door open for European Union banks and investors after Brexit to try to preserve London’s global financial clout, irrespective of whether it gets a good trade deal from the bloc, bankers and industry officials say.
Maersk is about to send the first container ship through the Arctic
The world’s biggest shipping company plans to send a container vessel from East Asia to Europe via the Arctic Ocean for the first time.
How Brexit could smash the British pound a second time
The British pound is expected to drop sharply in the event of a ‘no-deal’ Brexit while the reaction from UK stocks will be more measured.
Norway wealth fund allowed to stay on as investor if Tesla goes private
Rules governing Norway’s $1 trillion wealth fund would allow it to stay on as an investor in Tesla if the electric carmaker goes private, its deputy CEO said on Tuesday.
Why You Should Fill Out the FAFSA (Even If You Think It’s a Waste of Time)
Australia has a lot to lose in the US-China trade war
Australia’s economy thrives on selling goods to countries around the world, particularly to China. Deepening trade tensions pose a growing risk.
Exclusive: Trump says ‘most likely’ to meet North Korea’s Kim again
U.S. President Donald Trump said on Monday he would “most likely” meet again with North Korean leader Kim Jong Un, while defending his efforts to convince Pyongyang to give up its nuclear weapons.
Instant View: Trump takes Fed to task for rate hikes in Reuters interview
U.S. President Donald Trump said on Monday he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies.
Exclusive: Trump vows ‘no concessions’ with Turkey over detained U.S. pastor
U.S. President Donald Trump on Monday ruled out agreeing to any demands from Turkey to gain the release of a detained American pastor and said he was not concerned that his tough stance could end up hurting European and emerging market economies.
Most economic forecasts have a big blind spot: Climate change
Many closely followed economic models don’t take into account the mounting costs of extreme weather caused by climate change, which might be accelerating faster than forecasters think.
Trump talks to Reuters; ‘truth isn’t truth’ fallout
MTV’s biggest night of the year, the Video Music Awards, was an A+ spectacle with both pop culture and politics headlines…
5 steps to make sure you’re ready to retire
Fed’s solo act faces tremors in Turkey and a slower Europe
The U.S. Federal Reserve, deep into a cycle of rate hikes it hopes to continue into 2020, now faces emerging risks from abroad that could short-circuit its plans.
Facebook is working to make MRI exams 10 times faster
Arianna Huffington won’t let Elon Musk off the hook, says he must recharge
The two high-profile entrepreneurs continued their running debate on the merits of catching more Zs.
Google’s data collection is hard to escape, study claims
A new study examines just how much information Google collects about people each day.
U.S. tariffs cast a cloud over Huawei’s solar electronics launch
Huawei Technology Co’s coming U.S. launch of a solar-panel control device is expected to collide with new Trump administration tariffs on Chinese electronics, undermining a product that analysts had seen as challenging rivals on pricing.
Japan’s Daikin, thriving in Asia and India, sets sights on Africa
Daikin Industries, the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company.
Exclusive: Trump worries that Mueller interview could be a ‘perjury trap’
U.S. President Donald Trump said on Monday he was worried that any statements under oath he provides to Special Counsel Robert Mueller could be used to bring perjury charges against him as part of the probe into Russia’s electoral interference.
Foreign automakers oppose Trump NAFTA plan as U.S-Mexico talks resume
Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp , Volkswagen AG and Hyundai Motor Co has told key U.S. lawmakers.
Paul Allen’s space firm details plans for rockets, cargo vehicle
The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the lucrative launch services market.
ConocoPhillips and Venezuela’s PDVSA reach $2 billion settlement
U.S. producer ConocoPhillips and Venezuela’s PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities.
Key quotes from Reuters interview with Trump
Here are highlights of the Reuters Oval Office interview with U.S. President Donald Trump on Monday.
U.S. appeals court revives case against CBS over pre-1972 recordings
A federal appeals court on Monday revived a lawsuit accusing CBS Corp and CBS Radio of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on radio stations and online.
Was Skyworks Solutions Right to Raise Its Dividend?
Skyworks Solutions is not letting its smartphone weakness get in the way of its dividend.
People Sharing Netflix, Hulu, Cable Passwords with, You Guessed It, Millennials in the Lead
People Sharing Netflix, Hulu, Cable Passwords with, You Guessed It, Millennials in the Lead
Trump goes after the Fed: ‘I should be given some help’
Wall Street ends higher on trade optimism
The major U.S. stock indexes rose on Monday as optimism over talks between the United States and China provided a boost to trade-sensitive stocks. Fred Katayama reports.
Buy risk assets on optimism over U.S.-China trade talks, says John Vail
Nikko Asset Management’s chief global strategist tells Reuters’ Fred Katayama why he’s optimistic the U.S. and China will resolve their trade dispute. He says it’s a good time to buy beaten down trade-sensitive stocks, especially those in China and Japan.
Growing skepticism on Tesla’s plan to go private
Skepticism is mounting on Wall Street over whether Tesla and its CEO Elon Musk can really take the company private.
In a 2:30 am tweet, Elon Musk tells Arianna Huffington he can’t slow down
The Tesla CEO says there are no other options than working 120-hour weeks.
Greece is finally done with its epic bailout binge
How much trouble is Elon Musk in?
Former Fox analyst Ralph Peters: Fox viewers have ‘utterly skewed view of reality’
Ralph Peters, a retired US Army lieutenant colonel, described the relationship between the president and his favored news network as a “closed loop.”
PepsiCo is buying SodaStream for $3.2 billion
Breakingviews TV: Brazil ballot
Aug 20 – With presidential campaigning heating up in Brazil, Martin Langfield handicaps the field. As jailed former President Lula leads polls and firebrand Jair Bolsonaro dominates the right, market favorite Geraldo Alckmin may fail to advance to the runoff round.
PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream deal
PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Sonia Legg reports
Where Xerox Corporation’s (NYSE:XRX) Earnings Growth Stands Against Its Industry
Measuring Xerox Corporation’s (NYSE:XRX) track record of past performance is a valuable exercise for investors. It allows us to understand whether or not the company has met or exceed expectations,Read More…
Autostrade, Atlantia slip further as Italy seeks to revoke concessions
Italian infrastructure group Atlantia opened down close to 10 percent with speculation over whether the government would revoke toll highway concessions held by its unit Autostrade per l’Italia after the collapse of a bridge in Genoa last week. Pascale Davies reports.
Venezuela’s shopkeepers take fright at Maduro’s latest moves
Venezuela on Monday slashed five zeros from prices as part of a plan President Maduro says will tame hyperinflation but critics see as pushing the country deeper into crisis. Store owners, meanwhile, are wrestling with an anguishing decision: close up shop, or hit customers with steep price hikes to pay for a 60-fold increase to the minimum wage. David Pollard reports.
The gold rush is over
It’s supposed to be a fear trade. But, despite a trade war and a crisis in Turkey, the price is falling.
Aging U.S. bull market may still be frisky
Investors have been trying to measure whether a historically long run in U.S. stocks still has legs. Conway G. Gittens reports.
Apple removes illegal gambling apps in China
Apple says it has pulled illegal lottery apps from its App Store in China. As Fred Katayama reports, the move comes amid tightening regulation and criticism from state media.
Turkish lira falls after ratings downgrades
The Turkish lira fell on Monday after S&P Global and Moody’s downgraded the country’s sovereign credit rating further into junk territory and shots were fired at the U.S. embassy in Ankara, while emerging stocks rose over 1 percent. As Sonia Legg reports, the battered lira tumbled 1.5 percent and Turkish sovereign dollar bonds fell across the curve with some issues down as much as 1 cent.
Wall St. higher on U.S.-China trade talk optimism
U.S. stock index opened higher on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat.
EU regulators okay with conditions $82 billion Linde, Praxair deal
EU antitrust regulators approved on Monday German industrial gases group Linde’s planned $82 billion merger with U.S. rival Praxair after the companies agreed to sell Praxair’s assets to a Japanese rival together with other concessions.
Tesla nears three-month low as JPMorgan adds to deal doubts
Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase’s price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.
2 Undervalued Dividend Stocks to Buy in August
Market leaders Walt Disney and Broadcom are trading at bargain prices.
Help Others, Help Yourself: How Employee Volunteerism Can Build a Better Workforce
This month, a group of eight Twitter, Salesforce and Adobe employees will trek to Malawi–where nearly 10 million people live on less than $1 a day–to support CARE learning centers for adolescent girls. I’m excited for them, as many of the volunteers are about to have a life–changing experience. Professionals in the tech industry are eager to do work that makes a difference. And that’s particularly true of millennials, who are set to become the majority of the U.S. workforce by 2020. Surveys show that millennials care about their companies’ social responsibility programs and want to play a part in effecting positive social change. Beyond contributing money, they want to utilize their skills, team with their colleagues,and work globally to make a difference. Companies are striving to respond to these employees by implementing pro bono programs and other corporate social responsibility efforts that engage employees directly. Not only can such efforts help attract and retain employees, but studies show that they are also in their economic interest, as these programs boost employee engagement and ultimately contribute to the bottom line. (Indeed, an SAP study found that each percentage point increase in employee engagement contributed $40 million per year to operating […]
Cautious optimism for U.S.-China trade talks lifts shares
Shares rose worldwide on Monday on hopes of a resolution to the U.S.-China trade row at talks this week, while Turkey’s lira fell after cuts to the country’s credit ratings and shots were fired outside the U.S. embassy in Ankara.
With record in view, aging U.S. bull market may still be frisky
Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.
Couples are more likely to divorce amicably if they're worth $5 million or more, says a divorce attorney
Rich American couples who have about $5 million are more likely to have an amicable divorce, says one divorce lawyer. This insight comes from writer Lauren Vinopal’s exploration on Fatherly of why the upper middle class — dubbed “the fighting class” — fights the most about money. Couples fighting about money is nothing new.
Who Owns International Paper Company (NYSE:IP)?
In this analysis, my focus will be on developing a perspective on International Paper Company’s (NYSE:IP) latest ownership structure, a less discussed, but important factor. Ownership structure has been foundRead More…
One of the biggest Nintendo bull's on Wall Street says shares could soar 80% even if Switch sales are flat
One of Wall Street’s most bullish Nintendo analysts raises his forecast for the video-game maker’s stock price. Nintendo will launch mobile-game Dragalia Lost, Switch Online and 1P Switch games soon and gain China market share. Jefferies, one of the biggest Nintendo bulls on Wall Street, says shares of the Japanese game maker could soar 80% — even if Switch sales are flat.
Greece exits bailout, still faces daunting challenges
Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis. But, as David Pollard reports, the struggling euro zone country still faces many risks.
U.S. firms warn next China tariffs to cost Americans from cradle to grave
A broad cross-section of U.S. businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.
Bull market beliefs: Stock experts differ on market cycles
As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.
Nissan to boost China production capacity by 40 percent, source says
Japan’s Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) strategy to become a top three player in the world’s largest auto market.
Thyssenkrupp needs a new chairman by September, investors say
Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German conglomerate.
Volkswagen to recall 700,000 cars over roof lighting: trade magazine
Volkswagen has to recall about 700,000 Tiguan and Touran cars worldwide due to a possible lighting defect, German trade magazine Kfz-Betrieb reported on Monday.
A new James Bond Aston Martin for $3.5 million – rotating license plate included
Aston Martin is building a few brand new DB5s with all the James Bond goodies.
Anthem ties-up with Walmart for over-the-counter drugs
Anthem Inc said on Monday it has partnered with Walmart Inc to launch a program in January 2019 that will allow its Medicare Advantage plan customers to purchase over-the-counter medications from the retailer’s stores and website.
Fitbit Charge 3 is a waterproof smartwatch disguised as a fitness tracker
Standard Chartered says approval for Frankfurt Brexit hub pushed to autumn
Standard Chartered will likely have to wait until the autumn at the earliest for approval from German and European banking regulators to turn its Frankfurt branch into its European Union subsidiary, a spokeswoman for the bank said on Monday.
The magic of enough: author Brian Portnoy on wealth
If you are like many investors, you obsess over stock fundamentals like earnings, debt or sales growth.
Canopy Growth (CGC) in Focus: Stock Moves 9.2% Higher
Canopy Growth (CGC) shares rose more than 9% in the last trading session, amid huge volumes.
Better Buy: Celgene Corporation vs. Bristol-Myers Squibb
These drugmaker stocks have more in common than you might think.
Britain’s Mulberry warns on profit from House of Fraser
The UK’s luxury fashion brand Mulberry is taking a hit after setting aside £3 million to cover the cost of the department store House of Fraser. Pascale Davies reports.
T-Mobile runs behind-the-scenes PR push to support Sprint deal
T-Mobile US Inc is asking smaller wireless operators that piggyback off its network to issue public statements or even write newspaper editorials to help persuade antitrust regulators to approve its proposed $26 billion acquisition of Sprint Corp .
Trump insists White House counsel is not a 'John Dean typ…
CNBC's Eamon Javers reports on Trump's latest tweet about White House counsel Don McGahn and a story about him in The New York Times.
Is Craft Brew Alliance the Craft Brewer to Watch?
The brewer is bucking trends in craft beer and the brewing industry as a whole.
Emerging-Markets Funds Weather the Storm
PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal
PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.
Trade war puts new strains on America Inc’s factories in China
Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America’s biggest retailers.
Made in China feels the sting of the trade war
America Inc’s China factories are feeling the strains as firms scramble for shelter from trade war. Ed GIles reports
75 Must-Know Statistics About Long-Term Care: 2018 Edition
Exclusive – Germany to trump Japan again with world’s largest c/a surplus – Ifo
Germany’s current account surplus is set to remain the world’s largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies. The International Monetary Fund and the European Commission have for years urged Germany to do more to lift domestic demand and imports as a way to reduce global economic imbalances and stimulate growth elsewhere. Since his election, U.S. President Donald Trump has also criticised Germany’s export strength.
How a Big Bank Fueled the Green Energy Boom
OKLAHOMA IS AN EPICENTER of fossil-fuel production, a state where oil-well pump jacks punctuate the pastures. But if you drive out to Grady County, an hour west of Oklahoma City, you’ll encounter a different mechanical landscape. There, atop the hills outside Minco, dozens of 80-foot-tall turbines churn, their blades generating a steady drone to accompany the occasional dairy-cow bleat and the buzz of distant cars. This metallic display is part of Pioneer Plains, a sprawling wind-power project that generates electricity for some 42,000 homes. The turbines are part of a highstakes transformation in the energy economy–a bet that renewable power can scale up as a cost-effective replacement for fuels that contribute to climate change. But the wind farm is also a symbol of financial transformation: It might never have sprouted if it weren’t for “green bonds”–an investment vehicle that didn’t exist a decade ago. Those bonds were the brainchild of dealmakers at Bank of America–the $87 billion, 209,000-employee giant that occupies the No. 3 spot on Fortune’s Change the World list this year. Their work is part of BofA’s $125 billion Environmental Business Initiative, a campaign that has established the Charlotte based bank as a powerhouse in “climate finance”–the unglamorous […]
Wall Street’s bull market makes history
The Wall Street bull market is now the longest in history but has to overcome a series of new challenges to keep going.
Bank Branches Are Closing At A Record Pace. Here’s Why JPMorgan Chase Is Opening More
Lower-income communities often become “food deserts,” areas where supermarket chains decide they can’t or won’t do business–leaving residents without reliable sources for good groceries. That situation has an equally unhealthy financial parallel: A town or neighborhood can become a “banking desert,” with no branches where borrowers can turn for business loans or mortgages. Banking deserts are more common than they used to be, and that adds a layer of significance to JPMorgan Chase’s decision, announced in January, to open 400 new bank branches in the U.S. over the next five years, adding to the roughly 5,100 branches in the current Chase Bank network. “We asked ourselves: At the 60,000-foot level, how do you build thriving communities?” Peter Scher, head of corporate responsibility, told Fortune in a recent interview. Adding branches, he adds, “is part of a very self-supportive circle that leads to more economic growth.” [Read Fortune’s 2018 Change The World list.] The number of bank branches in the U.S. has declined steadily since the financial crisis, from a peak of around 97,000 in 2007 to an estimated 89,300 in 2017, according to real-estate services firm JLL, and the pace of the decline is accelerating. The drop-off, originally precipitated by […]
Deploying the Profit Motive to Beat Ebola
ON MAY 3, REPORTS that a strange and frightening illness had struck more than 20 people in the village of Ikoko-Impenge reached health officials in the province of ?quateur, on the western border of the Democratic Republic of Congo. By May 8, the Ministry of Health confirmed what many had feared: Ebola was back. But this outbreak ran a different course than many of the previous ones across Central and West Africa. By mid-July it was over. Instead of more than 11,000 deaths–the grisly toll of the 2014-2016 epidemic in Sierra Leone, Liberia, and Guinea–this one killed 33 and never spread far beyond its immediate zone of infection. There was much that was different this time around. Both local health officials and the World Health Organization had responded with lightning speed. And now there was something else to contain the spread: an experimental vaccine. Read: How a Big Bank Fueled the Green Energy Boom The vaccine, codeveloped by Merck, No. 2 on this year’s Change the World list, kept Ebola in check through a protective ring of immunization, with health workers vaccinating virtually everyone who may have been in contact with a person infected with the virus. And while it’s […]
6 Small Companies With a Big Social Impact
Our Rising Stars list honors companies with less than $1 billion in annual revenue that are having a significant world changing impact. Some are upstarts, some are old hands, but all are having an outsize influence on their communities, their customers, and the planet. Illustration by Andrea Manzati Dexcom San Diego THIS MED-TECH PIONEER is dedicated to helping diabetes patients better manage the chronic disease. Its continuous glucose monitoring system, which allows individuals (and their doctors and loved ones) to track blood sugar levels on a smartphone in real time, was the first of its kind to win FDA approval. This summer, the enormously life-improving mobile device became available to Medicare patients. Wari Dakar, Senegal THE DECADE-OLD money transfer company has transformed life in West Africa. Its 200 million customers can go to one of its 500,000 outlets–in banks, shops, and freestanding kiosks, they’re abundant even in remote parts of the region–and send money, for a tiny fee, from one mobile phone user to another. The fintech has facilitated the exchange of $5 billion to date, helping innumerable families. Etsy Brooklyn THE CRAFTSY E-COMMERCE SITE is associated with a proud amateur ethos, but it’s also a launching pad for small […]
Nissan to invest $900 million on new assembly plant in China: Nikkei
Japan’s Nissan Motor Co will spend around $900 million to build a new auto assembly plant in China that will increase production capacity in the company by 30 percent, the Nikkei newspaper reported on Monday.
Is FMC Corporation a Buy?
FMC Lithium will become Livent Corp. after separating, leaving FMC Corp. to focus on agricultural solutions.
Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions – sources
Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.
Foreign casino operators go all in as they vie for Osaka license
In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of Japan’s most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd .
PepsiCo to Buy SodaStream for $3.2B
Aug.20 — PepsiCo has agreed to buy SodaStream for $3.2B. The beverage giant would gain the Israeli company's technology for making soft drinks at home amid rising concern about plastic waste. Bloomberg's Michael Arnold reports on "Bloomberg Markets: European Open."