Industry
Economy Slowdown: Nigeria Economic Slowdown Hits Guinness Nigeria's Sales as Beer Industry Suffered
Guinness Nigeria, the country's second-biggest brewer is seeing a prolonged decline in sales and shares. The failing of the beer industry is part of a bigger national economic slowdown, whereas Nigeria, Africa's largest economy, seek out for loan to cover budget deficits.
Abbott to acquire Alere for $5.8 billion
Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
China factories output drops more than forecast
China's benchmark Purchasing Managers' Index (PMI) fell to lowest in the three-and-a-half years. PMI was at 49.4 for January as against average forecast of 49.6. The PMI was 49.7 in December 2015. The disappointed China factory output data pulled oil prices lower.
Sesame Street Establishes a Venture Capital Fund
Yes, that is true. Sesame Street is now working with Collaborative Fund and investing $10 million in the new venture fund. The fund will focus on companies working on childhood development.




