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
- Why Pakistan won't hunt down the terrorists within its borders
- Sorry, GOP, tax cuts don't pay for themselves
- How academia's liberal bias is killing social science
- Pope Francis' American problem
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 10 things you need to know today: December 19, 2014
- 43 TV shows to watch in 2014
- Hey, bosses: Stop giving bonuses to your employees
- Why torture doesn't work: A definitive guide
- 12 holiday gifts for the hardest-to-shop-for people on your list
Subscribe to the Week