Bankruptcy

1:17pm

Mon November 19, 2012
The Two-Way

Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

Originally published on Tue November 20, 2012 6:43 am

The big name in the Hostess lineup.
Scott Olson Getty Images

"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."

That's the "alert" this hour at CNBC.com.

Reuters has issued this "bulletin":

"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."

And according to The Associated Press:

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2:49am

Mon November 19, 2012
Business

Hostess Brands To Begin Selling Its Assets

Originally published on Tue November 20, 2012 8:38 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business: Twinkie rush.

Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.

LINDA WERTHEIMER, HOST:

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11:46am

Fri August 31, 2012
Planet Money

Inside America's Most Indebted City

Originally published on Thu September 6, 2012 2:58 pm

A garbage truck at the Harrisburg, Pa., incinerator.
Mladen Antonov AFP/Getty Images

Harrisburg, Pa., leads the nation in a dubious distinction: It has the most debt per capita of any U.S. city. The town's 50,000 citizens are on the hook for $1.5 billion.

The bizarre tale behind the massive debt includes a do-gooder who skipped town, an epically mismanaged incinerator, and possible criminal behavior.

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3:16pm

Fri August 24, 2012
Planet Money

Episode 397: Why The Hero Of Harrisburg Couldn't Save The City

Originally published on Wed August 29, 2012 10:30 am

Former Harrisburg receiver, David Unkovic, in the wilderness.
Zoe Chace NPR
  • Listen to the Episode

2:30am

Mon August 20, 2012
Business

Business News

Originally published on Mon August 20, 2012 11:52 am

American is currently seeking to cut costs in bankruptcy protection so the flight attendants' union pushed hard for this vote — warning that rejecting the contract could mean even deeper cuts or furloughs. The company's trying to cut about a billion dollars in labor costs. Mechanics and other union workers had previously accepted new contracts but pilots rejected American's latest offer earlier this month.

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