Mondelez (MDLZ), the owner of Oreo, Chips Ahoy and Ritz Crackers, plans to buy Tate’s Bake Shop for $500 million. The deal was first reported by The Wall Street Journal. The deal will add Tate’s thin-and-crispy chocolate-chip cookies to Mondelez’s lineup. Tate’s cookies sell for higher prices than Oreo andRead More →

International Flavors & Fragrances agreed to buy Israeli flavors and ingredients maker Frutarom for $7.1 billion in cash and stock on Monday, vying for the industry’s top spot with market leader Givaudan. The flavors and fragrances sector was expected to consolidate after Geneva-based Givaudan said in March it planned toRead More →

HONG KONG—ZTE Corp., the Chinese telecommunications firm in the crossfire of a U.S.-China trade fight, has asked the U.S. government for a stay of its order banning American companies from selling to the firm. The Shenzhen-based company said that it formally submitted the request for the reprieve to the CommerceRead More →

Police in a Phoenix suburb are investigating a collision involving a self-driving vehicle owned by Waymo. Chandler Police say the incident happened Friday afternoon when a Honda sedan swerved to avoid hitting another car. The Honda went into opposing traffic lanes and hit the Waymo car. Police say the vehicleRead More →