NEW YORK ( TheStreet) -- Popular searches on the Internet include Twinkies after Hostess Brands agreed to sell its snack products to two investment firms in a $410 million deal.
The new owners of products like Ding Dongs, Ho Hos and Sno Balls will be Apollo Global Management and Metropoulos & Co. The firms will acquire five Hostess factories, which they hope to restart in time to have Hostess snacks back on store shelves by this summer. Production of Twinkies and their counterparts was stopped nearly four months ago.
Hostess announced in November that its operations would be coming to a halt after it was unable to reach a deal with its bakers' union.
Boeing (BA) is trending as the Federal Aviation Administration approved the airline maker's plan to fix the lithium-ion battery issue that has plagued its 787 Dreamliner fleet. Boeing now has the green light to redesign the eight-cell batteries to reduce risk of a short-circuit that could lead to fire. The company also plans to better insulate the battery's cells and include a fire-proof shell around the battery, as well as a venting system for smoke in case of fire. The FAA also said it will allow Boeing to test flights for two aircraft once their batteries are redesigned. It offered no estimate for when the planes would be allowed to fly passengers again. The administration grounded the Dreamliner fleet on Jan. 16, after a battery fire occurred on board a parked 787 and another faulty battery forced a 787 to make an emergency landing.
H&R Block (HRB) is another popular search. The IRS revealed that a filing error on behalf of the tax preparation firm could delay about 600,000 tax returns for up to six weeks. The IRS said the error involved form 8863, which is used to qualify for student tax credit. H&R Block acknowledged the error, attributing it to its software.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV