BUSINESS

The $725 million deal would give Hostess an initial enterprise value of about $2.3 billion.

The move could signal growing confidence in the industry that crude oil prices have finally stabilized and are set to rise sooner rather than later.

The world’s top smartphone maker is expected to disclose estimates for its best quarterly profit in the last two years, thanks to robust sales of its latest flagship handsets.

Standard Life Investments announced it is halting trade in its $3.84 billion U.K. property fund. Last week, along with three other real estate funds, it had cut the value of its holdings by 5 percent.

After Brexit, many Asian central banks are willing to ease monetary policy as a prolonged period of uncertainty threatens a wider downshift in trade and investment.

The proposed merger between First Gulf Bank and National Bank of Abu Dhabi, likely to be effective early 2017, will create an entity with market cap of over $29 billion.

After a historic $15 billion settlement to resolve its emissions scandal in the U.S., the company’s CEO has rejected calls for a similar move in Europe.

The company has been increasing capacity as it prepares to meet a deadline for the launch of the Model 3, its mass market sedan.

Salesforce’s competitive bidding reportedly led to Microsoft increasing its offer for the business-oriented social network by almost 22 percent.

Oracle decided to stop developing software for use with HP's Itanium-based servers in 2011.

Prosecutors last month challenged the March settlement between the Brazilian government and BHP-Vale joint venture Samarco over last year’s deadly dam burst.

California’s massive marijuana grey market is poised to go legit. But those in the business can’t agree on what the new industry should look like.

The maker of Oreo cookies and Cadbury chocolates has made a takeover bid for Hershey, a report says.

U.S. fuel prices will drop this Fourth of July weekend to their lowest levels in more than a decade, spurring record volumes of travel.

The Competition Tribunal said that concessions made by AB InBev to get the deal approved were designed to address both public interest and competition concerns.

Investors continue to move past the shock set off by Britain's vote last week to leave the European Union.

The German automaker is widely expected to announce an autonomous driving collaboration with Intel and Mobileye at a joint press conference Friday.

The Chicago plane manufacturer is already in talks with several carriers, including Emirates, to create a twin-engine aircraft, a report said.

The company has been under pressure to sell its core businesses that include finance, news and sports websites, Tumblr and Flickr.

Voting to leave the EU was the easy part. When and how to depart is tougher, and a Brexit may not happen after all.

A 7,200-mile connection between the U.S. West Coast and Japan can carry data 10 million times faster than your cable modem.

Feds say that selling off business units likely won’t be enough to salvage a plan to create the largest U.S. health insurer, Bloomberg reported.

U.S. banks have passed the annual test, but Deutsche Bank and Santander have “unresolved supervisory issues,” Fed officials say.

Here's how a joint plan by the U.S., Canada and Mexico to get 50 percent clean energy by 2025 could actually work.

The recall covers six models of Malm chests or dressers manufactured from 2002 to 2016 and about 100 other families of chests or dressers.

Following the U.K.'s vote to leave the European Union, France is playing hardball for a chance to capture the multinational banking business.

Carnival cruise lines and PayPal were among the U.S. stocks rising in the second day of gains following the market shock of the Brexit vote.

The company announced a slew of programs, including online grocery pickup and a partnership with Uber to deliver groceries as it looks to boost online sales.

The initial panic surrounding Britain’s vote to leave the European Union is fading, and investors are seeking bargains.