Hostess Expects To Split Up Snack Cakes In Sale Twinkies, Wonder Bread and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners. Hostess Brands Inc. said in bankruptcy court Friday that it's narrowing down the bids it received.
Hostess Execs Ask Judge For $1.8 Million In BonusesWhile thousands of employees for the now bankrupt Hostess Brands Inc. are being shown the door, executives with the company could soon be receiving close to $2 million in bonus pay.
Judge Orders Hostess To Mediate With UnionHostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet.
Twinkies Will Likely Survive Hostess SaleTwinkie lovers can relax. The tasty cream-filled golden spongecakes are likely to survive and be on shelves again, even though their maker will be sold in bankruptcy court.
Twinkies Maker Hostess Going Out Of BusinessHostess announced Friday that the company will be going out of business. The snack food maker, based in Irving, is best known for treats like Twinkies, Ding Dongs and Wonder Bread.
Hostess Deadline To Workers Passes Without News Of ClosureIt’s been less than a week since Hostess Brands workers went on strike, and they were given an ultimatum to get back on the job Thursday or else. But as the deadline came and went, no news came from the company on what the future had in store for the grocery store staple snack cake company.
Hostess Could Cut 381 Workers In MichiganHostess has told Michigan officials that it could lay off all of its 381 employees at 20 locations in the state if the company liquidates as part of its bankruptcy restructuring.
Twinkies Maker Hostess Gives Unions 'Final' Offer The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts.
Hostess Names CEO To Steer Through BankruptcyHostess Brands named a new CEO on Friday to steer the company through its Chapter 11 bankruptcy reorganization.
Hostess Asks Judge To Slash Union ObligationsHostess has asked a judge to slash some of its commitments to union employees, saying it's the only way it can emerge from bankruptcy as a viable company.
Hostess Brands Files For Bankruptcy ProtectionHostess, the maker of Twinkies and Wonder Bread, is filing for bankruptcy protection, blaming benefit troubles, increased competition and a tough economy.