COMPANIES

Hostess Mediation Fails; Liquidation Near

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Hostess Brands Inc., the bankrupt maker of Twinkies, said Tuesday that mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union had failed to reach agreement and it will seek to liquidate.
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Chinese Police Arrest 73 In Counterfeit Luxury-Bag Ring

Acting on intelligence gathered during a joint investigation by Chinese and U.S. law-enforcement authorities, Chinese police on Sunday arrested 73 people who are suspected of being involved in the counterfeit luxury-bag trade across national borders.
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BP Reported In Plea Deal On Gulf Oil Disaster

BP Plc is expected to plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster under a plea deal with the Justice Department that could be announced as soon as Thursday, two sources familiar with discussions tell Reuters.
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Home Depot Beats 3Q Expectations

Home Depot reported third-quarter net income Tuesday that beat Wall Street's expectations, sending its stock 3.6 percent higher for the day, up $2.21 to close at $63.37 per shar

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