Joseph Altobello News
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SodaStream International Ltd. plans to bring its do-it-yourself soda machines to U.S. drugstores and supermarkets in 2014 as the Israeli company looks to expand sales and household usage in the world’s No. 1 beverage market.
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Elbit Systems Ltd. fell the most in two weeks as the company said a $90 million contract fell through after the Israeli government rejected its request to export defense technology.
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SodaStream International Ltd., the Israeli maker of soda machines, climbed the most in three months in New York on speculation a new model will help the company bolster sales and fend off competitors.
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SodaStream International Ltd., a maker of machines that carbonate tap water, rose after saying it would team with Kraft Foods Inc. to offer fizzy versions of beverages including Crystal Light and Country Time lemonade.
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Israeli technology companies will benefit from the shekel’s worst performance in a decade when reporting 2011 earnings this week, as the currency’s slide reduced their local expenses.
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Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 2:25 p.m. in New York.
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Colgate-Palmolive Co., the world’s largest toothpaste maker, fell the most in almost six years after sales missed analysts’ estimates and the company said Venezuela’s currency devaluation would further cut 2010 profit.
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