This Day On The Street
Continue to site
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

Hostess Sells Twinkies to Investment Firms: Hot Trends

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 - Get Report) 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 - Get Report) 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

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $130.89 0.00%
HRB $20.21 0.00%
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs