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US stocks moving mostly higher ... PepsiCo buys SodaStream ... A lot of bull, and that’s a good thing

August 20, 2018

NEW YORK (AP) — U.S. stocks are moving mostly higher in early trading today, adding to the market’s upbeat finish last week amid signs of progress in resolving the trade dispute between the U.S. and China. Gains in banks, health care and industrial companies are outweighing losses in technology stocks. Oil prices are up. At 10:40 a.m. Eastern Time, the S&P 500 rose 3 points, to 2,853. The Dow gained 92 points, to 25,761. And the Nasdaq fell 12 points to 7,804. The Russell 2000 index of smaller-company stocks picked up 5 points, to 1,697.

JERUSALEM (AP) — Beverage giant PepsiCo has purchased Israel’s fizzy drink maker SodaStream for $3.2 billion. Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year-over-year jump in revenues to $172 million. SodaStream produces machines that allow people to make fizzy drinks in their own homes and has positioned itself as a provider of a healthy product in contrast to traditional sugary, carbonated drinks.

NEW YORK (AP) — The bull market in U.S. stocks is about to become the longest in history. If stocks don’t drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days, a record that few would have predicted when the market struggled to find its footing after a 50 percent plunge during the financial crisis.

ROCKVILLE, Md. (AP) — Melania Trump is encouraging technology and social media companies to provide more opportunities for children to share ideas on how to be good citizens online. Opening a federal conference on cyberbullying, the first lady says most children are more aware than some adults of what she described as the “benefits and pitfalls” of social media. She says adults must still provide them with information and tools for safe online habits.

CARACAS, Venezuela (AP) — U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela’s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute. Today’s statement from Houston-based Conoco says Venezuela’s oil company, PDVSA, has agreed to recognize the judgment by an international arbitration panel and will make the first $500 million payment within 90 days and the rest over a period of some four years.

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