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.
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.
June 4, 1986 |
A judge today dismissed charges against a 71-year-old man accused of wooing votes during a losing City Council bid by serving senior citizens Twinkies and Kool-Aid. "If you run again, don't give away anything," Hennepin County District Judge Harold Odland warned George L. Belair, who was indicted by a grand jury last week.