Company news in brief
PepsiCo to buy Israel's SodaStream
PepsiCo Inc said on Monday it would buy Israel-based Sodastream , which makes fizzy drink-making household devices, in a deal valued at US$3.2 billion.
PepsiCo will acquire Sodastream for US$144 per share in cash, the companies said in a statement.
-Nampa/Reuters
Walmart asks suppliers to source outside China
Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
In an email sent to some beauty suppliers on August 7, seen by Reuters, the retailer asks if they have facilities outside China, and if not, whether they would consider investing in them, to broaden their sourcing ability.
-Nampa/Reuters
US seeks Facebook help
The US government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.
The previously unreported case in a federal court in California is proceeding under seal, so no filings are publicly available, but the three people told Reuters that Facebook is contesting the US Department of Justice’s demand.
-Nampa/Reuters
US banks teach financial literacy
Last year, Abbey Jones’ high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit Bank branch at Red Bay High School in Red Bay, Alabama.
Her job? To handle her peers’ transactions and market the bank’s student-specific accounts.
Community Spirit has used a digital platform to teach Red Bay students financial concepts for roughly five years. But since January 2017, students who receive parental permission can also open checking and savings accounts for a US$1 fee to keep until they are 24.
-Nampa/Reuters
MTN Nigeria signs 200b naira loan
MTN Nigeria said on Thursday it had signed a 200 billion naira (US$636 million) loan facility with a consortium of 12 local lenders to fund capital expenditure and working capital.
The seven-year facility will enable MTN expand its voice network and data service, the company said in a statement. It said the loan denominated in the local currency has a two-year moratorium and a five-year repayment plan.
-Nampa/Reuters
PepsiCo Inc said on Monday it would buy Israel-based Sodastream , which makes fizzy drink-making household devices, in a deal valued at US$3.2 billion.
PepsiCo will acquire Sodastream for US$144 per share in cash, the companies said in a statement.
-Nampa/Reuters
Walmart asks suppliers to source outside China
Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
In an email sent to some beauty suppliers on August 7, seen by Reuters, the retailer asks if they have facilities outside China, and if not, whether they would consider investing in them, to broaden their sourcing ability.
-Nampa/Reuters
US seeks Facebook help
The US government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.
The previously unreported case in a federal court in California is proceeding under seal, so no filings are publicly available, but the three people told Reuters that Facebook is contesting the US Department of Justice’s demand.
-Nampa/Reuters
US banks teach financial literacy
Last year, Abbey Jones’ high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit Bank branch at Red Bay High School in Red Bay, Alabama.
Her job? To handle her peers’ transactions and market the bank’s student-specific accounts.
Community Spirit has used a digital platform to teach Red Bay students financial concepts for roughly five years. But since January 2017, students who receive parental permission can also open checking and savings accounts for a US$1 fee to keep until they are 24.
-Nampa/Reuters
MTN Nigeria signs 200b naira loan
MTN Nigeria said on Thursday it had signed a 200 billion naira (US$636 million) loan facility with a consortium of 12 local lenders to fund capital expenditure and working capital.
The seven-year facility will enable MTN expand its voice network and data service, the company said in a statement. It said the loan denominated in the local currency has a two-year moratorium and a five-year repayment plan.
-Nampa/Reuters
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