November 21, 2012 |
Hostess Brands Inc. will start selling off the rights to Twinkies, Ding Dongs and other baked brands after a federal bankruptcy judge on Wednesday approved its plan for an “orderly wind-down.” The company will also start shrinking its employee head count to 3,200 workers from 18,500, the 82-year-old pastry maker said. Judge Robert Drain of the U.S. Bankruptcy Court in the Southern District of New York gave Hostess the go-ahead to start fielding bidders for its assets, the company said.
November 28, 2012 |
"Limited edition" is usually associated with luxury products -- a French handbag, fabulous wine, an intricate watch or a fancy sports car -- but rarely with a product that costs $2.49 retail. But that old fridge standby, Heinz Ketchup, has just introduced a limited edition jalapeño ketchup in time for the holidays. And for their more than 1 million Facebook fans (who knew ketchup had fans or that anybody would bother to "like" something as mundane as ketchup? A sure sign that many people have too much time on their hands!
June 11, 1987 |
Little Carrie Lorraine was at a movie studio with her mother when Bruce Willis walked by. The Bruce Willis, the one who plays supercool detective David Addison in the television series "Moonlighting." "O-o-o-o-h!" screamed Carrie. "There he is!" Sitting in the kitchen of her Torrance home the other day, Carrie munched a cookie and pondered for the first time whether youngsters might scream like that someday when they see her. No, she said at first. She thought some more, frowning a bit.
May 23, 1986 |
--"How can anyone bribe someone with Twinkies?" asked George L. Belair, a 71-year-old losing candidate for the Minneapolis City Council. Belair has been charged with violating campaign law by wooing senior citizens with $31 worth of snacks. He has been indicted by a grand jury for giving away the snacks, including Kool-Aid, Twinkies and Ho Hos, during three meetings at senior citizen centers last October.
November 29, 2012 |
Hostess Brands Inc., in the midst of winding down its business, is hoping Thursday that a federal bankruptcy judge approves up to $1.75 million in bonuses for its executives. The money is intended as an incentive for 19 top-level managers to stay on with the Twinkies and Ding Dongs maker to oversee its liquidation following a battle with its second-largest union. The payouts will be granted only if managers “achieve a set of specific tasks and goals within a specified time frame that are designed to speed and lower the cost of the wind-down,” said Hostess spokesman Lance Ignon.
CALIFORNIA | LOCAL
November 18, 2012 |
After the nightmares started, Davien Graham avoided his bicycle. In his dreams, he pedaled his silver BMX bike through his neighborhood, heard gunfire and died. If I stay off my bike, I'll be safe, he thought. He placed it in a backyard shed, where it sat for months. But Jan. 12, 2008, dawned so spectacular that Davien decided to risk it. He ate Cap'n Crunch Berries cereal, grabbed the bike and rode a half-mile west to Calvary Grace, a Southern Baptist church that was his haven.
November 9, 2008 |
Hostess Twinkies are becoming the latest product remade and repackaged into 100-calorie snack packs, a product some analysts say could do well given that more people are packing their own lunches in the slumping economy. The maker of the golden yellow, creme-filled cake has launched "Twinkie Bites" nationwide. It's also introducing a snack pack featuring strawberry cupcakes as it extends the 100-calorie pack line originally aimed at women who wanted to snack more sensibly. Hostess launched its 100-calorie cupcakes in 2007 but held off on making a version of the Twinkie because the 150-calorie product was a favorite overall, said David Leavitt, vice president of snack marketing at Hostess owner Interstate Bakeries Corp.
November 16, 2012 |
With Hostess -- the maker of Tinkies, Ding Dongs, Wonder Bread and the iconic cupcakes with creamy filling hinted at by the loops of white on their chocolate-frosting tops -- announcing plans to close its operations, comes the shocker that not only will future generations probably be unfamiliar with the so-called Twinkie defense, they probably won't even know what a Twinkie is. That's OK. Not because the Twinkie represents the ultimate in...
December 15, 2007 |
Interstate Bakeries Corp., maker of Twinkies snack cakes, said a reorganization proposal from Yucaipa Cos. and the Teamsters union did not constitute a qualifying bid for the company under terms set in Bankruptcy Court. The Kansas City, Mo.-based company said it would continue discussions with the Teamsters and Yucaipa, which submitted a "possible plan of reorganization" Thursday that offered to provide creditors with $580 million. Yucaipa is controlled by Los Angeles billionaire Ron Burkle.
June 17, 2007 |
Twinkie lovers, get ready to go bananas. The sweet treat known for its golden spongy cake and its creamy vanilla center is returning to its roots with banana-creme filling -- the flavor that first made the snack a hit more than 70 years ago. Hostess, owned by Kansas City, Mo.-based Interstate Bakeries Corp., has begun selling the snack cakes with a filling that tastes just as sweet as the standard vanilla but with a subtle hint and smell of banana.