Twinkies are back, but most jobs are not

According to an analyst only about 20% to 25% of the 18,500 jobs previously at Hostess will end up returning when all the brands are up and running again. This is partically a result of replacing laborers by  new investments in equipment and machinery to replace laborers. A spokeswoman for Apollo-Metropoulos venture, said the company plans to […]

Walmart gets early Twinkie shipments

Wlamart announced Friday that 1600 of its stores are already selling the Hostess snack, and it promises to have 3,000 of its 4,000 U.S. stores stocked by Sunday morning. The news comes three days before Twinkies national return date set for Monday, July 15, the Associated Press reports. Walmart also plans to have Hostess mini muffins and […]

Social media pave way for Twinkies’ return

Hostess has started a broad comeback campaign nearly eight months after Hostess filed for bankruptcy, and Twinkies and other snack cakes disappeared from store shelves. The company was subsequently bought by two private equity firms, Metropoulos & Co. and Apollo Global Management. Hostess plans to welcome back Twinkies, CupCakes, and both frosted and chocolate Donettes under the […]

Announce Bitcoin ETF

According to a new filing with the SEC, a trust sponsored by Winklevoss Capital Management has registered to offer shares that will give buyers exposure to Bitcoin. The investment objective of the Trust is for the Shares to reflect the performance of a weighted average price of Bitcoins, less the Trust’s expenses. The Sponsor believes that, for many […]