Monday, November 19, 2012

Twinkies have been saved — for now

TWINKIES ARE SAVED! Hostess And Bakers Union Agree To Mediation
Hostess and the Bakers Union have agreed to mediation, preventing a shutdown, CNBC reports.
Judge Robert Drain of the U.S. Bankruptcy Court of White Plains, N.Y., suggested it as a way to resolve their differences, The Wall Street Journal reports.
"Moving to a liquidation is also a significant economic hit, and I think that many people, myself included, have serious questions as to the logic behind the decision to strike and a concern that it may be as a result of differences as far as information and goals," he said.
"I'm giving the union, as well as the debtors and their lenders, the last chance."
NOW SEE: A Step-By-Step Look At How Twinkies Are Made >

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