Hostess Brands Inc. is preparing to file for Chapter 11 bankruptcy protection as soon as this week, said people familiar with the matter, a move that would mark the second significant court restructuring for the Twinkies and Wonder Bread baker in the past several years.
The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter. Those costs together have proved higher than the company's roughly $2.5 billion in annual sales, creating losses and cash shortfalls, the people said.
Brazil’s Lula fires back after Zelensky criticism
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[image: Preview] President Lula of Brazil has lashed out at Ukraine in an
apparent response to Vladimir Zelensky’s rebuke of his diplomatic efforts
Read Fu...
Brickbat: Open Carryout
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Police have responded to an uptick in gun violence in downtown Denver by
banning food trucks on the weekend. Cops say people tend to gather near the
food t...
5 Best Glassagram Alternatives to Try in 2024
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Discover the best Glassagram alternatives to enhance your social media
experience. Explore top options that offer unique features and
user-friendly interfa...
Top 5 Ginger Remedies You Must Know
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The smell that permeates the air in your home when you add fresh ginger to
a meal is simply incredible. Ginger offers unique aromas and flavors that
can ...
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The Hemp Industry / Staying Positive
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Air Date: Tue, 28 Apr 2020
Doug Fine discussed the many amazing properties of hemp. Followed by Eldon
Taylor on staying positive in the COVID-19 era.
Highly Facetious Comics #6
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Joinmycult.org The post Highly Facetious Comics #6 appeared first on
disinformation.
[This is a short summary; please click the story headline to read th...
DOJ Stumbles at Hearing on Detaining Immigrants
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Criticizing an attorney for the government for arguing issues he never
raised in briefing, the First Circuit seemed likely at a hearing Wednesday
to u...
Mom Has Stacked Dinner Party Roster
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GOLDEN, CO—Their eyes widening in amazement as the 43-year-old rattled off
the names of heavy hitter after heavy hitter, impressed members of the
Dreesh...
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