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TODAYS TOP STORIES
Twinkies Closer to Returning to Shelves
According to CNN, Hostess is close to picking a preferred buyer for its iconic Twinkies brand, a move that would be a key step in the eventual return of the snack cake to grocery shelves.
The cable news company is reporting Apollo Global Management and C. Dean Metropoulos & Co. are the likely winners in this round of negotiations.
The company's holdings include Pabst Blue Ribbon beer. It also previously held Chef Boyardee canned pasta, Bumble Bee seafood, PAM cooking spray and Gulden's Mustard, all of which it eventually sold to ConAgra Foods Inc
Hostess has picked the maker of Little Debbie as the lead bidder to buy its Drake's cakes.
According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes is still being negotiated with other bidders.
The bid by McKee would set the floor for an auction process that lets competitors make better offers. A judge would have to approve the final sale.
McKee Foods, based in Collegedale, Tenn., makes a variety of snack cakes under the Little Debbie banner that compete with Hostess cakes at a lower price.
Hostess Brands Inc., based in Irving, Texas, announced in November that it was shutting down its business and selling its breads and snack cakes.
Earlier this month, Hostess picked Flowers Foods as the lead bidder for six of its major bread brands, including Wonder.
The Associated Press contributed to this article.
Posted: Tuesday, January 29 2013, 02:09 PM CST
IN OKLAHOMA NEWS
Tornado hits OKC suburb, kicking up debris
May 19, 2013 22:29 GMT
EDMOND, Okla. (AP) -- A tornado kicked up debris in an Oklahoma City suburb and threatened a number of tourist attractions on historic Route 66 before growing into a larger storm that rolled across rural parts of central Oklahoma.
Television footage Sunday showed a tornado at Edmond . The storm threatened a novelty soda-pop store and a historic barn in the small town of Arcadia, then grew into a larger storm as it moved northeastward a few miles north of the Turner Turnpike between Oklahoma City and Tulsa.
The Storm Prediction Center had forecast a moderate risk of severe weather in Oklahoma and adjacent portions of Kansas and Missouri.
TV video also showed power flashes from transformers blowing out as they were hit by high winds or debris.
OKLAHOMA HEADLINES
Tornado hits OKC suburb, kicking up debris
Tornado watch issued for much of Oklahoma
Trial of Okla. fire chief's goes over to defense
More severe storms in the offing for Oklahoma
Enbridge Energy planning pipeline into Oklahoma
Tornado watch issued for western, central Oklahoma
Forecasters: Potential tornado threat for Oklahoma
Time waning for Okla. lawmakers to tackle credits
NATIONAL HEADLINES
2 FBI agents killed in training accident in Va.
Commuters warned of traffic mess for up to 1 week
Tornadoes hit Kan., Okla.; no injuries reported
Amtrak reports minor train derailment in Chicago
Hundreds attend memorial service for dead Texas cheerleader; case still being investigated
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OKLAHOMA WEATHER
77°
From the FOX 25 First Forecast Center..
Tornado Watch currently in effect for central and eastern Oklahoma until 11pm this evening. Dry line is currently in between central and western Oklahoma with storms just starting to fire up. ...
Business News
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
Consumer Info
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. ...
Science/Tech News
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
Get This
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.
IE6 Float Fix
