News on Stocks in Our Portfolios
courtesy of Seeking Alpha
Pepsi denies talks to buy
SodaStream for $2B.PepsiCo (PEP) CEO Indra Nooyi has
professed ignorance about speculation that her company is in negotiations to
acquire SodaStream (SODA) for $2B or more,
saying that it was the "first time" she was hearing about the talks. Israel 's Calcalis
treported that Pepsi is willing to pay as much as $95 a share, or 37% more
than SodaStream's close of $69.35 yesterday. Coca-Cola (KO) is also apparently
interested in the Israeli company. SodaStream's shares surged over 26%
following the report but were merely +12.4% at the time
of writing.
Economics
This Week’s Data
May
nonfarm payrolls rose 26,000 versus expectations of a 2,000 increase;
unemployment rose to 7.6% from 7.5%.
Other
***over
night, the Nikkei had another very volatile session. Plus economic data out of Europe
was better than anticipated.
What
is wrong with quantitative easing (medium and today’s must read):
Household
net worth continues to improve (short):
Emerging
market economies are a problem (medium):
Politics
Domestic
More on our
student loan mess (medium):
When it rains,
it pours. Obama’s new problems with
phone surveillance (medium):
International War Against Radical Islam
Hezbollah
versus al Qaeda; whose numero uno? (medium):
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