CIBIC Buying Capital One’s $3B Costco Mastercard Portfolio Canadian Imperial Bank of Commerce has signed a deal to become the exclusive issuer of Costco Mastercards in Canada starting early next year. The lender will also acquire the retail giant’s existing Canadian credit card portfolio, which boasts more than $3 billion in outstanding balances, according to […]

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Lead story: PepsiCo to Sell Tropicana and Other Juice Brands for $3.3 Billion. PepsiCo announced Tuesday it has agreed to sell Tropicana, Naked and other North American juice brands to a French private equity firm.The deal with PAI Partners will net pretax cash proceeds of $3.3 billion for Pepsi.