This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hostess to Go Into Liquidation: Hot Trends

Stocks in this article: AAPL GS NWS

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) 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) 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) 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

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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