Upload

Loading icon Loading...

This video is unavailable.

Twinkies Not Dead; Hostess Agrees To Mediation | NewsBreaker | Ora TV

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to like Ora TV's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to dislike Ora TV's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add Ora TV's video to your playlist.

Published on Nov 19, 2012

Host @DavidBegnaud delivers breaking news and today's trending buzz in 45 seconds.

ChicagoTribune.com:
WHITE PLAINS, N.Y., Nov 19 (Reuters) - Hostess Brands Inc
agreed in court on Monday to enter private mediation with its
lenders and leaders of a striking union to try to avert the
liquidation of the maker of Twinkies snack cakes and Wonder
Bread.

Hostess, its lenders and the Bakery, Confectionery, Tobacco
Workers and Grain Millers International Union (BCTGM), agreed to
go into mediation at the urging of Bankruptcy Judge Robert Drain
of the Southern District of New York, who urged mediation rather
than a more expensive, public hearing regarding the company's
liquidation.

"My desire to do this is prompted primarily by the potential
loss of over 18,000 jobs as well as my belief that there is a
possibility to resolve this matter," Drain said.

The 82-year-old Hostess is seeking permission to liquidate
its business, claiming that its operations had been crippled by
a bakers strike and that winding down operations is the best way
to preserve its dwindling cash.


~*!*~*!*~*!*~*!*~*!*~*!*~*!*~*!*~*!*~
SUBSCRIBE to Ora TV's YouTube Channel for more NewsBreaker videos
FACEBOOK: http://www.facebook.com/pages/NewsBre...
TWITTER: http://twitter.com/newsbreaker
TUMBLR: http://nboratv.tumblr.com/
STORIFY: http://storify.com/newsbreaker
CHECK OUT our homepage: http://www.ora.tv/newsbreaker

Loading icon Loading...

Loading icon Loading...

Loading icon Loading...

Loading icon Loading...

Ratings have been disabled for this video.
Rating is available when the video has been rented.
This feature is not available right now. Please try again later.

Loading icon Loading...

Advertisement
Loading...
Working...
Sign in to add this to Watch Later

Add to