TODAYS TOP STORIES
Twinkies maker has plenty of suitors
NEW YORK (AP) -- It looks like we haven't seen the last of the Twinkie.
Hostess Brands says it's in talks with 110 potential buyers for the product lines that it makes -- including Twinkies, Ding Dongs and Ho Hos.
A financial adviser for the company said in bankruptcy court today that the suitors now include at least five national retailers. He says the buyers are "serious" and that they are ready to pay "substantial" amounts.
The update on the sale of the brands came as Hostess looked for court approval to give its top executives bonuses totaling up to $1.8 million as part of its plans to wind down its operations.
The company says the incentive pay is needed to retain high-level company officials during the liquidation process, which could take about a year.
Two of the executives could get additional rewards, depending on how efficiently they carry out the liquidation.
The bakers union is asking the judge to appoint an independent trustee to oversee the liquidation. The company announced plans to liquidate after the union went on strike earlier this month.
Posted: Saturday, December 1 2012, 11:31 PM CST
IN OKLAHOMA NEWS
Oklahoma governor to tour tornado damage
May 20, 2013 14:30 GMT
SHAWNEE, Okla. (AP) -- Gov. Mary Fallin is touring the areas hit hard by tornadoes Sunday.
The governor plans to visit Carney at 10 a.m. Monday before traveling to the Shawnee area. The governor plans to tour the Steelman Estates Mobile Home Park in Shawnee, where one person was killed.
Twenty-one people were also injured after severe weather raked the state.
The National Weather Service is forecasting more of the same for the area -- including Oklahoma City and Tulsa -- Monday afternoon and evening. Forecasters say baseball-sized hail and tornadoes are possible.
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From the FOX 25 First Forecast Center..Severe weather is back in your forecast today for Central and Eastern OK. Damaging hail and winds and tornadic activity are likely to form west of I-35 after 3 pm, then track east into Central OK in the late afternoon and evening hours. ...
Asian stocks rise on signs of steady US recovery
BANGKOK (AP) -- Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher today.
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: FINANCIAL TIMES SITS HACKED
LONDON (AP) -- Another attack on a media site -- and again, one that is being claimed by the Syrian Electronic Army.
BRAS A FIRE HAZARD?
MILWAUKEE (AP) -- We haven't heard this much about the threat of bra burning since the days of the women's liberation movement.