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.
Hostess Brands Inc. (IBCIQ) , the maker of Twinkies snack cakes and Wonder bread, fell back into bankruptcy about three years after completing an earlier restructuring.
Updated to include CEO comments and added information about the reorganization NEW YORK (TheStreet) -- After Hostess Brands, the maker of Wonder Bread, Ding Dongs, Ho Ho's, Sno Balls, Drakes Cakes and Twinkies, filed for bankruptcy on Wednesday, the company's pinned its future on renegotiating unionized labor contracts. Hostess Brands cited an inability to renegotiate crippling pension and ...
The financial information giant Bloomberg L.P. lost about 600 subscriptions to its computer terminals - which translates to nearly $1 million in monthly revenue - after MF Global filed for bankruptcy.
About half of Kodak's 38,000 retirees still live in Rochester, N.Y., where the company is based. Many of them are anxious about their pensions and retiree health care coverage amid reports that the company is preparing for a Chapter 11 filing.
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