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Chili's Grill & Bar is embracing its history as it prepares for a new era of expansion, proving that sometimes the best way forward is by looking back. The iconic American restaurant chain is rolling out a redesigned restaurant concept that revives many of the features customers fondly remember from decades past.

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Global energy markets have been shaken after oil prices surged above $100 per barrel for the first time since May, driven by escalating tensions in the Middle East and renewed concerns about the stability of global energy supplies.

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Stripe and private equity firm Advent International have submitted a joint offer to acquire PayPal for $60.50 per share in a deal that would value the struggling payments giant at more than $53 billion, sources familiar with the matter confirmed Wednesday. PayPal shares surged as much as 17% on the news.

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