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NPR

Hostess To Sell Off Its Brands After 82 Years

Hostess, the iconic brand behind Twinkies, Wonder Bread and Ho Hos, says it is going out of business. The company plans to shut down 33 plants and 565 distribution centers as it liquidates. More than 18,000 workers would lose their jobs. Already in bankruptcy, Hostess said a nationwide strike "crippled" the company's operations. The union representing bakery workers blames mismanagement for the company's demise.
NPR

Hidden Housing Subsidy May Soon Come Out Of Hiding

A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises.
NPR

East German Political Prisoners Made Some Of Its Products, IKEA Admits

"We are deeply sorry that this could happen," company spokeswoman Jeanette Skjelmose says. The Swedish furniture giant says some of its representatives were aware of what was happening. The work was done during the Cold War.
NPR

No More Twinkies? Hostess Brands Is Shutting Down

Already in bankruptcy protection, the company has also been dealing with a nationwide strike. It says it can't go on. So 18,500 jobs are being eliminated. And some iconic taste treats may soon be scarce.
NPR

FHA Faces Shortfall From Mortgage Losses

The next victim of the foreclosure crisis could be the Federal Housing Administration. The agency is on the verge of burning through its cash reserves and will eventually ask for taxpayer assistance, according to Rep. Spencer Bachus, chairman of the House Financial Services Committee. The FHA insures many of the nation's low-down-payment mortgages.
NPR

Honda Begins Production Of Business Jet

Honda, which has long aspired to launch off the road and into the skies, is one step closer to that goal. It has started production on its HondaJet. It's a twin jet engine aircraft, being assembled in North Carolina, aimed at the business market. Industry insiders call it the "Honda Civic of the skies."
NPR

Everyone 'Has To Participate' To Avoid Fiscal Cliff

Steve Inskeep talks to Democratic Sen. Patty Murray about going over the fiscal cliff. As the head of the Democratic Senatorial Campaign Committee, Murray helped the Democrats maintain their Senate majority. She has said that if Republicans do not agree to let tax cuts expire for those making over $250,000 per year, the country should go over the fiscal cliff.

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