Boston, MA, 02/21/2014 – The Dow Chemical Company (NYSE:DOW) is said to have extended its business operations to Ghana alongwith other West African market. The U.S. based chemical company has been operating in Africa for over 55 years and perceives it among the significant region for its future growth and success. Dow Chemical had its operations running in Ghana during the 90s but, the political instability and challenges in business functioning forced it to move away from the area and increased its dependence on intermediaries for its product distribution. The Dow Chemical Company (NYSE:DOW)‘s Managing Director for West Africa , Tony Grossman said that the economic stability in the region has been compelling enough for it to return to the region.
PepsiCo, Inc. (NYSE:PEP) traded higher on Thursday amid the renewed spin-off proposals sent by its investor Nelson Peltz. Trian Fund Management firm, headed by Nelsen Peltz has been pressing Pepsi since a long time to execute spin-off of its beverage business. Reportedly, the firm owns a $1.2 billion share in the beverage company and has sent fresh 37-page letter to the company asking the company to branch out its struggling beverage business in order to focus on its snacks unit Cheetos, Lays and Doritos. Last week, PepsiCo, Inc. (NYSE:PEP) had turned down Peltz’s proposal after a review. Nelson Peltz’s firm is also evaluating options to discuss with shareholders and conduct investor forums in this direction.
American Airlines GroupInc (NASDAQ:AAL) has been lifted off in the market as two of the funds have opened their positions in the airlines. Firstly, Appaloosa Management headed by David Tepper has bought the stock of American Airlines, which occupies 2.22% holding in the hedge fund’s portfolio. Tepper has been betting strong on the airlines sector as Delta, AMR and UAL are among others in its portfolio. Another buy comes from DE Shaw, which has assinged 0.05% holding of American Airlines GroupInc (NASDAQ:AAL) to its portfolio.