Bakery, Confectionery, Tobacco Workers and Grain Millers' International Union News
Wonder Bread Returns to Shelves With New 'Old' Look
Wonder Bread is one of four bread brands back on shelves this week after the bankrupt Hostess Brands sold its classic products to Flower Foods Inc. Beginning Monday, Flower Foods, based in Thomasville, Ga., rereleased Wonder, Merita, Home Pride and Butternut breads to grocery stores across the
What's New About the Twinkie and Other Hostess Brands Favorites
Hostess Brands LLC is preparing for the return of the Twinkie in a week, without unionized workers, company stores or the pile of debt the predecessor company accumulated. The Twinkie's shelf life will be 45 days when the baked good returns to grocery stores on July 15. That's almost three weeks
Hostess Reopening Plants, Without Union Workers
The bankrupt assets of Hostess Brands, Inc., the company responsible for Twinkies, Ho Ho's, Sno Balls and Ding Dongs, are being put back to work by a buyout firm. What's not being put back to work are the former Hostess unionized employees. The unionized workers had been on strike when the company
Twinkies' New Owners Want Snacks Back on Shelves by Summer
Summer may not come soon enough for Twinkies lovers who long to see their favorite snack on shelves again. A Manhattan bankruptcy judge today approved the sale of the iconic, cream-filled snack to two investment firms, Apollo Global Management and Metropoulos & Co., for...
Home Loan Delinquencies Plunge
Morning Business Memo… More signs of renewed strength for the housing market… Mortgage delinquency rates are down to their lowest level in five years. Credit reporting firm TransUnion says only 5 percent of people with home loans were at least two months behind with their...
Wal-Mart, Kroger Reported Bidding on Hostess
Let the games begin. According to Bloomberg Businessweek, Kroger, Wal-Mart, Grupo Bimbo and Alpha Baking Co., are among some 24 companies bidding for assets being sold by Hostess Brands Inc., the bankrupt 82-year-old manufacturer of Twinkies, Ding Dongs, Sno Balls, and Wonder Bread. In January,...
UN Internet Treaty Blocked
Morning Business Memo: Hands off my Internet! A proposed global treaty that would have allowed governments greater control of the Web has been blocked by the United States and other Western nations. At a U.N. conference in Dubai, more than 20 countries joined the United...
Judge Allows Hostess to Give Executives $1.8M in Bonuses
A federal bankruptcy judge has approved bonuses for executives of Hostess, the maker of Twinkies, who stay on as the company is broken up and sold off. On Thursday, as part of a plan to liquidate the company and lay off 18,000 workers, a federal judge in White Plains, N.Y., approved paying 19
Hostess Bankruptcy Judge Moves Forward With Liquidation After Mediation Fails
The judge overseeing the bankruptcy of Hostess Brands Inc., maker of Twinkies and Wonder Bread, has approved the company's plans to wind down after it failed to come to an agreement with its bakers' union. Hostess said it will retain about 3,200 employees "to assist with the initial phase of the
Judge Asks Hostess, Union to Agree to Mediation
Hostess and Union May Agree to Mediation in Last-Ditch Effort Before Liquidation