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(Photo Hostess.com)
(Photo Hostess.com)
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Strike May Cause Twinkies Shortage on Grocery Shelves

Twinkies are here today, but for how long?

Hostess, which has made the Twinkie since 1933,  is facing a labor strike at 23 of its 36 baking plants and is considering to “permanently close certain locations due to our inability to resume full-scale production,”

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Source:  roadsidepictures via flickr
Source: roadsidepictures via flickr
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Hostess Brands Headed Towards Bankruptcy (Again)

Hostess - the maker of such sweet-treats as Twinkies - is headed towards bankruptcy again.  This time, the forecast for recovery isn't so good.
Hostess Brands, the maker of Twinkies and Wonder Bread, filed today for bankruptcy protection and blamed at least part of its difficulties on outmoded union agreements and work rules

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Source:  roadsidepictures via flickr
Source: roadsidepictures via flickr
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Bankruptcy Looms For Kodak

As we've reported before, Kodak is moving closer to filing bankruptcy.
Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digi

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Category: Business News Tags: ,
lcm1863, Flickr
lcm1863, Flickr
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Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy

Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores.

The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.

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Category: Food Tags:
Source:  sfb579 via flickr
Source: sfb579 via flickr
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Kodak Preps For Bankruptcy

Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company.
Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon

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