The iconic American snack cake Twinkies and other tasty treats have been given a reprieve from what appeared to be certain oblivion. The bankrupt U.S. bakery Hostess and union officials agreed Monday to enter mediation after the company shut down its ovens last week and said it would go out of business. A bankruptcy judge […]
Twinkie Baker Hostess, Union to Enter Mediation
Posted November 19th, 2012 at 6:30 pm (UTC-5)
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Hostess, Bakers of Twinkles and Wonder Bread, to Shut Down
Posted November 16th, 2012 at 5:25 pm (UTC-5)
Hostess, the company that bakes the iconic Twinkie snack cake and the U.S. kitchen staple Wonder Bread, is going out of business. The bankrupt bakery asked a court Friday for permission to shut down its ovens and liquidate its assets, putting more than 18,000 people out of work. Hostess workers went on strike last week […]
Baseball’s Dodgers Declare Bankruptcy
Posted June 27th, 2011 at 10:25 am (UTC-5)
Major League Baseball’s Los Angeles Dodgers have filed for bankruptcy protection. Team owner Frank McCourt is blaming baseball commissioner Bud Selig for refusing to approve a television deal that he said would have assured financial stability for the team. The league took over business operations of the Dodgers earlier this year because McCourt’s fight with […]
