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.
EU state wants Russia at Ukraine peace talks
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[image: Preview] Slovakia and Ukraine “agree” that Russia needs to take
part in the next Ukraine peace conference, Slovak FM says
Read Full Article at RT.com
Brickbat: Show Me
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A Missouri judge has ordered officials in the city of Edgar Springs to
immediately empty its bank account of all but $10,000 and pay Rebecca
Varney $47,886...
5 Best Glassagram Alternatives to Try in 2024
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Discover the best Glassagram alternatives to enhance your social media
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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
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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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