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U.S. Morning Call: SodaStream takes the Pepsi challenge

Thursday, June 06, 2013 - 03:24

Jun 6 - PepsiCo is in talks to buy Israel's SodaStream for $2 billion, but the at-home soda machine maker is also entertaining the prospect of joining Coca Cola.

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We're looking at a company that faces a very important challenge Pepsi or Coke. Let's kick off -- Thursday morning call. So history that's the company's machines -- carbonated drinks and tap water it's in talks with Pepsi. Which is offering two billion dollars to take over according to an Israeli newspaper. But so must also estimate that important choice it's checking its options review of Coca-Cola. Before moving in advance negotiations Pepsi. But he's willing to go even hired -- industry says the paper. The pain as much as 95 dollars a share of the 37%. Cream -- those streams 69 dollar closing price shares seeing a pop. Trading at 76 dollars and premarket. And why not pay that much so this streams US sales doubled last year. It's doing yourself pathogens growing in popularity globally to still worldwide risen more than threefold since 2000. Now for some stocks to watch Apple's music streaming service could be and bill next week and a developer conference. And no it's not going to be -- free. Sources say Apple's trying to sell audio and banner ads there was I had mobile network. Know from these -- and pricing yet but then again Apple's not known for lower prices. I rate it will compete with -- -- 999 month all access service which is lost last month. And doors got an even sweeter deal offering forty hours of free listening on mobile devices. The shares and and -- had won 17% this week as reports circulated that apple will launch its services. Big Brother is watching you or at least watching all of Verizon customers. The company has been handing over all its mobile land line call -- for the National Security Agency following the secret court order. That war which expires in July was discovered by the guardian newspaper. This could be bad for business as customers may be more has signed new contracts or could switch over other networks. Officials at White House NS and -- has declined to comment. And IPO we're watching today light in the box. Be the first lifting my Chinese company in the US this year the island retailers race not me nine million dollars. The trade under the symbol LI QB at the New York Stock Exchange. Taking a look at markets the US stock futures point to -- by higher open today. Although stocks closed flat sharply lower yesterday investors fearing less help from the -- Market conditions have already hit REIT stocks this month. Nick has decided to delay an IPO column the American homes although it had enough buyers. But investors were worried about lower than expected pricing and whether the shares rise after the deal. On a macro front we're looking for initial jobless claims to have dropped slightly last week leading the may jobs report on Friday morning. Economists walls of the -- challenger -- data. And that's it for your Thursday morning call member -- also on Twitter Reuters Insider and get more great videos at Reuters dot com slash -- I read them it.

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U.S. Morning Call: SodaStream takes the Pepsi challenge

Thursday, June 06, 2013 - 03:24