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 Sells Twinkies to Investment Firms: Hot Trends

Stock quotes in this article: BA, HRB

NEW YORK ( TheStreet) -- Popular searches on the Internet include Twinkies after Hostess Brands agreed to sell its snack products to two investment firms in a $410 million deal.

The new owners of products like Ding Dongs, Ho Hos and Sno Balls will be Apollo Global Management and Metropoulos & Co. The firms will acquire five Hostess factories, which they hope to restart in time to have Hostess snacks back on store shelves by this summer. Production of Twinkies and their counterparts was stopped nearly four months ago.


Hostess announced in November that its operations would be coming to a halt after it was unable to reach a deal with its bakers' union.






Boeing (BA) is trending as the Federal Aviation Administration approved the airline maker's plan to fix the lithium-ion battery issue that has plagued its 787 Dreamliner fleet.

Boeing now has the green light to redesign the eight-cell batteries to reduce risk of a short-circuit that could lead to fire. The company also plans to better insulate the battery's cells and include a fire-proof shell around the battery, as well as a venting system for smoke in case of fire.

The FAA also said it will allow Boeing to test flights for two aircraft once their batteries are redesigned. It offered no estimate for when the planes would be allowed to fly passengers again.

The administration grounded the Dreamliner fleet on Jan. 16, after a battery fire occurred on board a parked 787 and another faulty battery forced a 787 to make an emergency landing.






H&R Block (HRB) is another popular search. The IRS revealed that a filing error on behalf of the tax preparation firm could delay about 600,000 tax returns for up to six weeks.

The IRS said the error involved form 8863, which is used to qualify for student tax credit. H&R Block acknowledged the error, attributing it to its software.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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