Hostess Bakeries Files for Bankruptcy (1)

1 Name: Unverified Source : 2012-01-11 15:23 ID:QCUXN9/o

Hostess Brands, the baking company known for sweet treats like Twinkies and Ding Dongs, filed for bankruptcy protection on Wednesday, just three years after emerging from an earlier restructuring process.

The company, which has assets of roughly $1 billion, has been struggling under the weight of a debt load of about $860 million and soaring expenses tied to its labor force...

First "Peak Oil," now "Peak Twinkies." ;_;

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