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TODAYS TOP STORIES
Could the Twinkie be Saved?
A federal bankruptcy judge orders Hostess to resume talks with union officials, before it starts selling off parts of itself, Fox Business Network reported.
Hostess brands, the maker of Twinkies, Ding Dongs and Wonderbread, decided on Friday, it could not make it through a bankruptcy restructuring and was seeking court persimmon to sell assets and go out of business. The issue was rising labor costs, management turmoil and striking unions.
In an interview with The Wall Street Journal, union President Frank Hurt said he believed there was "more than a good chance" that a buyer quickly would swoop in to buy the profitable parts of the company and give his union's members their jobs back.
Hostess Chief Executive Gregory Rayburn sees it differently.
"Nobody wants to have anything to do with these old plants or these unions or these contracts," Rayburn said in an interview. The company had hunted for buyers for the last several years as it tried to avoid a second trip into bankruptcy, but no buyer came forward.
More than 18,000 workers are in danger of losing their jobs. The bankruptcy also puts more than 30 brands in jeopardy.
Posted: Monday, November 19 2012, 03:33 PM CST
IN OKLAHOMA NEWS
Okla. grand jury returns new charges on ex-judge
May 23, 2013 23:32 GMT
OKLAHOMA CITY (AP) -- Oklahoma's multicounty grand jury has returned new indictments against a former Lincoln County judge who already faces embezzlement and cattle theft charges.
The grand jury handed up the indictments Thursday against 47-year-old Craig S. Key of Chandler.
Key turned himself in last month to Lincoln County authorities who set bond at $10,000.
One indictment accuses Key of harboring a fugitive by allegedly encouraging a client facing criminal charges in Lincoln and Jefferson counties to flee the state to avoid prosecution.
Another charges Key with five counts of delivery of a forged note and accuses him of forging the name of a woman whose signature was required on escrow account checks that Key was also required to sign.
Key's attorney, Cheryl Ramsey of Stillwater, says the additional indictments are no surprise.
OKLAHOMA HEADLINES
Okla. grand jury returns new charges on ex-judge
Hearing stalls for pair accused in 4 Tulsa deaths
Okla. Legislature honors Moore schools educators
Oklahoma lawmakers applaud Altus AFB training unit
Thunderstorms slow Oklahoma tornado cleanup
Tornado watch in effect for parts of west Oklahoma
Okla. reopens emergency operations command center
Line of storms brings flash floods to OKC area
NATIONAL HEADLINES
No fatalities in I-5 bridge collapses in NW Wash
I-5 bridge collapses in NW Wash.; people in water
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OKLAHOMA WEATHER
63°
From the FOX 25 First Forecast Center..
Hello everyone...It's Friday and the weather is looking good for the holiday weekend. Can't rule out isolated to random showers and t'storms from time to time but nothing organized. ...
Business News
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
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AP Photo FX102, FX103
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LAKELAND, Minn. (AP) -- High school student Zach Sobiech (SOH'-bee-eck) says he wanted to be remembered as "a kid who went down fighting and didn't really lose."
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LAS VEGAS (AP) -- David Cooper wants to bring a little more sin -- to Sin City.
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