Pepsi Continues Move Away From Sugary Drinks With SodaStream Deal

PepsiCo has agreed to buy home-carbonation company SodaStream for $3.2 billion, the latest move by the cola giant to diversify away from sugary sodas and salty snacks.

 
Apple Pulls Illegal Apps Targeted by Chinese State Media

Apple Inc. said it removed illegal gambling apps from its App Store in China as it came under fire from Chinese state media-a move that could help quell the latest challenge for the American tech giant in its most important market outside of the U.S.

 
Deutsche Bank Confirms Bid to Buy Noble Bonds

Deutsche Bank said it is acting on its own to buy bonds of commodities trader Noble Group, days before a crucial shareholder vote on a $3.5 billion restructuring.

 
Goldman Faces Losses on Venezuelan Bond Deal That Drew Criticism

Goldman Sachs Group's approximately $865 million purchase of Venezuelan bonds last year attracted criticism-and now has saddled the firm's investment clients with millions of dollars in paper losses.

 
Beer Giants Tap Into Africa With Brews Under $1

As drinkers in Europe and the U.S. turn away from beer in favor of spirits and nonalcoholic beverages, Africa's importance to brewers is growing.

 
SL Green to Sell Stake in Midtown Tower to Moinian Group

Two big names in the New York office-building business have agreed to end their seven-year-old joint ownership of 3 Columbus Circle.

 
Sears CEO Puts His Board on the Spot

For years Edward Lampert has called the shots at Sears as its chief executive, largest shareholder and biggest lender. But his latest play to keep the struggling chain afloat is out of his hands.

 
Fortescue Profit Slumps, Dividend Slashed

Fortescue Metals Group Ltd. more than halved its dividend after a sharp fall in annual profit and offered more detail around plans to reinvigorate earnings by changing the type of iron ore it sells.

 
China's Anbang Looks to Sell U.S. Luxury Hotels

The insurer paid $5.5 billion in 2016 to acquire the portfolio that includes properties in Manhattan, Chicago and Miami, but it's now looking to sell to raise cash.

 
Fears About Tech-Stock Multiples Don't Add Up, Bulls Say

Shares of companies like Amazon.com, Netflix and Salesforce.com have surged this year, driving the stock market higher but also pushing valuations to what some investors consider worrisome levels.

(END) Dow Jones Newswires

August 20, 2018 05:15 ET (09:15 GMT)

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