Oakdale plans to buy, redevelop failed mall: The city of Oakdale has agreed to purchase the vacant Oakdale Mall for nearly $7 million, paving the way for city officials and private developers to begin planning a mixed-use redevelopment on the site. The 180,000-square-foot shopping center, which was built in 1984, struggled with high vacancy rates. Its last 15 tenants slowly left over the past two years, and it closed for good early this year. Read full story

Dutch firm buys Multifoods parent Best Brands: Best Brands Corp. has been acquired by a Dutch food manufacturing company called CSM Bakery Supplies North America. Best Brands, a privately owned bakery ingredient and products supplier, is the parent company of the Multifoods brand. Terms of the deal were not disclosed. It is expected to close in March. Read full story

MoneyGram misses analysts' Q4 estimates: MoneyGram International reported a net loss available to common shareholders in the fourth quarter of $3.6 million, or 4 cents per share. That compares to a net gain of $18.5 million, or 23 cents per share, in the same quarter a year ago. MoneyGram’s fourth-quarter revenue was $296 million, compared with $319 million in the same period last year. Read full story

Delta traffic still down in January: Delta Air Lines reported Thursday its traffic for January dropped 5 percent, echoing recent months of declines. System traffic, including Delta and Northwest Airlines Corp. operations, fell on a 5.6 percent dip in capacity. Domestic traffic in January was down 2.7 percent, while international traffic plunged 8.3 percent. Read full story