This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Hostess to Go Into Liquidation: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Hostess after the maker of Ding Dongs and Twinkies is officially going out of business following failed mediation talks with a bakers union.

Hostess management and the Bakery, Confectionary, Tobacco and Grain Millers Union went into mediation following U.S. Bankruptcy Judge Robert Drain's instructions to do so. Drain decided not to approve Hostess' request to go into liquidation at the time in order to give the two sides one last shot to come to an agreement and save more than 18,000 jobs at the company.

Hostess said in a statement following the mediation that it was "unsuccessful." The company said it would not comment further until its court hearing Wednesday.

Hostess said it had no other choice but to seek liquidation after the union went on strike Nov. 9. The union went on strike following pay cuts and after reductions in benefits were imposed.






Apple (AAPL - Get Report) is trending as the company has announced it will offer deals on Black Friday like many other U.S. retailers.

Apple released an email on Tuesday which indicated it will hold a "one-day Apple shopping event" on Friday, Nov. 23. Apple didn't mention what sales and specials it might offer. Apple said deals will be available at Apple retail stores, through its App Store and online. The earliest deals will be available online beginning at 3 a.m. EST.

On Black Friday last year, Apple marked down prices of the iPad 2, iPods and Macs. Savings on items ranged from $41 to $101.






The Yankees are another popular search. News Corp (NWS - Get Report) is acquiring a 49% stake in the YES Network, which features New York Yankees programming.

The deal values the channel at $3 billion. The team will receive $500 million.

As part of the deal, Yankee Global Enterprises, Goldman Sachs (GS - Get Report) and other investors will reduce their ownership in YES. The team's stake in the network will also be reduced from 34% to 25%. After three years, News Corp will have the option to increase to a majority position of up to 80% of the network at a valuation of $3.8 billion. The deal also extends the Yankees' existing agreement to stay on YES through 2042, from its prior deal to stay on through 2021.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $126.37 0.00%
GS $191.02 0.00%
NWS $16.04 0.00%
FB $83.20 0.00%
GOOG $552.03 0.00%

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs