Business Highlights
Hostess Brands, the maker of lunchbox treats like Ho Hos, is launching packaged "Deep Fried Twinkies" starting Friday that mark its first foray into frozen foods.
Investors mostly focused on the latest batch of company earnings from retailers and other companies, as well as new data indicating that U.S. retail sales in July were more sluggish than expected.
NEW YORK (AP) — After a tough start to the year, J.C. Penney's business enjoyed a bounce in the second quarter, fueled by efforts to bring back appliances and spruce up other sections of the store.
The Plano, Texas-based department store chain reported a smaller loss for the second quarter compared to a year earlier as sales improved.
In addition to its own efforts, Penney is benefiting from store closings by Macy's and Sears Holdings Inc. Ellison told analysts Friday the company has seen sales improve in malls where its rivals shuttered their stores.
NEW YORK (AP) — Fox News Channel founder Rupert Murdoch on Friday appointed two longtime Fox executives as the new co-presidents of the news network as it restructures after last month's departure of Roger Ailes following sexual harassment allegations.
The moves sent a signal to Fox News viewers that despite a scandal that has widened since Ailes' resignation, they shouldn't worry that their favorite network is abandoning them.
SEOUL, South Korea (AP) — South Korea plans to review if there was any negligence in the government's handling of sick workers' inquiries about workplace toxins, after an Associated Press investigation found the government repeatedly withheld such information following requests from Samsung.
Ko Dong-woo, a director at the Labor Ministry, said Friday that the ministry took the AP report seriously and would ensure officials properly evaluate information requests from workers seeking government compensation for work-related illnesses.
Private sector analysts have warned economic gr