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Under the radar: Pepsi plans to invest another $1 billion in Russia

Under the radar: Some trends are obvious enough and visible to all investors. Others are more-subtle, but are just as potent, and these often slip 'under the radar.'

Case in point: Lost among President Barack Obama's trip to Russia to meet with president Dmitry Medvedev and Prime Minister Vladimir Putin, was PepsiCo, Inc.'s (NYSE: PEP) decision to invest $1 billion in Russia over three years, on expectations for retail sales growth in the country.

Continue reading Under the radar: Pepsi plans to invest another $1 billion in Russia

Russian casinos go bust -- gamblers head elsewhere

Thanks a lot, Vladimir Putin. The former Russian president (now prime minister) signed an anti-vice law in 2006 that has led to the closure of most casinos in the struggling nation. This move quickly killed more than 400,000 jobs as of July 1 in a country already in the throes of an economic crisis. More than 40,000 casino workers were impacted in Moscow alone, which was home to 30 major casinos and 500 smaller operations.

Four remote Russian regions have now been established as special gambling zones, and gambling is now illegal anywhere outside of these locations.

Continue reading Russian casinos go bust -- gamblers head elsewhere

Symbol Lookup
IndexesChangePrice
DJIA-154.8510,309.55
NASDAQ-35.652,140.40
S&P 500-18.061,092.57

Last updated: November 27, 2009: 10:33 AM

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