Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
Post Holdings, which makes Honey Bunches of Oats and Grape-Nuts cereals, said it would buy Bob Evans Farms for about $1.5 billion, adding vegetable-based side dishes and breakfast sausages to its portfolio.
Bob Evans shares were up 5.6 percent in premarket trading, matching Post's offer of $77 per share.
The deal comes months after Post agreed to buy British breakfast cereal brand Weetabix for 1.4 billion pounds ($1.8 billion).
Bob Evans sells frozen foods such as refrigerated potato, pasta, and pork sausages under Bob Evans, Owens, Country Creek and Pineland Farms brands.
The company also has a foodservice business, representing about 35 percent of sales volume.
Post Holdings, which said it would fund the deal through cash on hand and debt, expects cost savings of $25 million following the deal.
The company said the transaction is expected to close by the end of Post's second quarter of fiscal 2018.
UBS Investment Bank, Barclays, Goldman Sachs and Bank of America/Merrill Lynch are Post's financial advisers.
J.P. Morgan Securities acted as an exclusive financial adviser to Bob Evans.