According to a bankruptcy judge, Hostess and the major union representing its workers need to try to mediate their differences before the company can be liquidated. So maybe the company's taste treats won't disappear anytime soon.
The line between Black Friday and Thanksgiving gets blurrier every year. This year, employees and consumers are circulating petitions protesting retailers' plans to open on Thanksgiving. Journalist Lewis Turner says he's worked on eight of the last ten turkey days, and it's not all bad.
Sales of existing homes rose again in October. Meanwhile, home builders are the most confident they've been in more than six years. Taken together, the reports are the latest signs that the housing sector is on the mend.
For those who want to buy bling with bling, a bank in Kazakhastan plans to offer a Visa card made of gold plus a couple of dozen diamonds and mother of pearl. It will require $100,000 upfront, and an annual fee of $2,000 — but there are no late frees and you get a free iPhone.
The record breaking criminal guilty plea by BP by no means marks the end of the oil company's legal troubles. BP still faces a civil trial in February over its environmental responsibilities from the Gulf oil spill. Last week it pleaded guilty to felony manslaughter in the deaths of 11 rig workers.
Hostess Brands will start selling off its assets in a bankruptcy court in New York Monday. That prospect has struck fear in the hearts of lovers of Twinkies, Ding Dongs and Ho Hos. Sensing a possible shortage, some hopeful entrepreneurs took to eBay offering up many Hostess items at some exorbitant prices.
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