November 17, 2012 |
Twinkies may last forever, but the same can't be said for Hostess Brands Inc., the company that makes the popular cream-filled spongecake. Hostess has asked a bankruptcy judge for permission to go out of business and lay off 18,500 workers, blaming a strike by members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union. Quiz: The week in business "We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Hostess Chief Executive Gregory F. Rayburn said in a statement Friday.
November 16, 2012 |
Looks like that Twinkie you've been harboring in your desk drawer for the last couple years will last longer than its maker. Friday morning, Twinkie-loving snackers, stoners and junk food aficionados across the globe felt a deep pang of loss. Hostess Brands Inc., the company that makes Twinkies, Ding Dongs and Wonder Bread, has shut down all baking operations , according to a company release . After filing for bankruptcy protection twice in the last 10 years, the company has asked a judge for permission to lay off 18,500 workers and sell its assets.
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...
November 12, 2012 |
Bankrupt Twinkies maker Hostess Brands Inc. has some hard choices to make after spending the weekend dealing with worker strikes. On Friday, Hostess-employed members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union began to strike nationwide, blaming a “ horrendous contract ” that they claimed could cut wages and benefits up to 32%. Workers picketed or honored the strike in Sacramento, Los Angeles, Oakland...
April 17, 2012 |
Bankrupt Twinkie-maker Hostess Brands Inc. is going toe-to-toe with its workers' union in a clash that the company said may lead to its own liquidation. A two-day trial began Tuesday in which Hostess will try to convince a federal bankruptcy judge in New York to allow it to reject its existing collective bargaining agreements with the Teamsters and bakers' unions. The Ho Hos, Ding Dongs and Wonder Bread maker filed for Chapter 11 protection in January, less than five years after emerging from its last bout of bankruptcy.
January 12, 2012 |
If only the bottom line of Hostess Brands were as rich as the calorie count of its Twinkies. The 82-year-old company, which also makes HoHos, DingDongs and Wonder Bread, filed for bankruptcy protection, blaming what it said are onerous union contracts and pension liabilities. Analysts said that despite a cupboard of iconic confections, Hostess has been unable to capitalize on trends that theoretically should fatten its profit. "You can't pick up a paper without reading about obesity in America," said Adam Hanft, chief executive of Hanft Projects, a brand-strategy firm in New York.
January 11, 2012
Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings. That company, called Interstate Bakeries and based in Kansas City, Mo., filed for bankruptcy protection in 2004. It emerged in February 2009. But Hostess said Wednesday that its previous efforts to produce incremental change, including the prior Chapter 11 case, were insufficient.
January 10, 2012 |
Here's your take-me-home-tonight Tuesday roundup of consumer news from around the Web: -- There's no sugar high for Hostess Brands, maker of the Twinkie and other fine products. The company is reportedly preparing to go back into bankruptcy just two years after completing its last bankruptcy proceedings. People familiar with the matter say the company is facing a cash crunch with more than $860 million in debt, high labor expenses and rising ingredient costs. When Hostess, then called Interstate Bakeries, filed for bankruptcy protection in 2004, it blamed low sales and high fixed costs.
August 4, 2011 |
Buyer, beware: Eating as healthy as Uncle Sam suggests may end up costing hundreds of dollars extra per year, a new paper in the journal Health Affairs says. The study looked at what it would take to try to meet the federal Dietary Guidelines for 2010 for fiber, calcium and other nutrients, and limiting fat and sugar intake accordingly. Researchers from the University of Washington surveyed 2,001 residents of King County in Washington about their diet and nutrition. Almost across the board, eating more nutrient-dense foods rather than empty-calorie junk foods came at a hefty price.
December 6, 2010 |
When I tell people I'm on a high-carbohydrate diet, they give me a highly skeptical look, as if I just told them the moon landing was faked. From a pure weight-loss perspective, I could eat nothing but bacon-wrapped sticks of butter topped with chocolate-covered Froot Loops, and as long as I maintained a caloric deficit I would lose weight. This concept has been proved time and again, most recently by the Twinkie Guy. Twinkie Guy ? also known as Mark Haub, a professor of human nutrition at Kansas State University ?