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
Teen in devastated Okla. town handing out hugs
May 25, 2013 02:26 GMT
MOORE, Okla. (AP) -- The people of the Oklahoma town where a deadly tornado struck could use just about everything -- cleaning supplies, food, water, shelter.
Thirteen-year-old Halle Carr thought residents of her hometown could also use a hug after the twister Monday that killed 24 people in Moore.
Halle has been standing on a corner with a white sign that reads: "Need a hug? I am here!" And people are taking her up on the offer.
On Friday, people in work trucks, cars and vans loaded with belongings rolled down their windows and reached out their arms to the girl. Some shouted words of encouragement.
Halle said it makes her feel good to spread a little cheer. She said she'll come out every day, as long as she thinks she's needed.
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From the FOX 25 First Forecast Center..The holiday weekend is here...Expect variable clouds with scattered showers and t'storms for your Saturday. ...
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.