U.S. bankruptcy Judge Robert Drain said Wednesday that Hostess Brands, which produces pastries such as the Twinkie, must return to "a liquidation scenario" after talks with its bakers' union failed to avert a shutdown that will cost 18,000 people their jobs. Hostess is asking Drain for permission to close its facilities and take steps toward selling assets. Hostess reportedly has seen a "very healthy competition" for its brands.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How the South's ugly racial history is haunting ObamaCare
- 43 TV shows to watch in 2014
- Stop making fun of philosophy and read some philosophy
- The real story behind Deliver Us From Evil
- If Democrats abandon immigration reform after Tuesday's likely loss, they will turn 2016 into a debacle
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Israel's quiet doomsday submarines are almost ready
- 6 things the happiest families all have in common
- Feast your eyes on this beautiful linguistic family tree
- What if Leo Strauss was right?
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