Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.
Caribbean
Nielsen reported last Thursday that American marketers and media companies should set their eyes on wealthy black American consumers. CNN Money writes that the report is focused on black American, which includes African-Americans and black immigrants, with at least $75,000 annual income. Nielsen's Cheryl Pearson-McNeil, said black in the US has a collective $1.1 trillion in buying power. "You can't ignore that," she said.
Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
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