CBS 2 Chicago wbbm7801059 670 The Score

Liquidation

Hostess Twinkies. (Credit: Susanna Song)

More Than 100 Potential Buyers Interested In Hostess Brand, Bankrupt Bakery Says

The update on the sale process came as Hostess also received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals to bring down costs during the liquidation.

11/29/2012

Workers prepare Hostess Twinkies for packaging at the Interstate Bakeries Corporation facility April 20, 2005 in Schiller Park. (Photo by Tim Boyle/Getty Images)

Hostess Says Talks To Stave Off Shutdown Fail

Hostess Brands Inc. lived to die another day.

11/20/2012

Hostess Twinkies. (Credit: Susanna Song)

New Hope For Hostess In Bankruptcy Court

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won’t go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

11/19/2012

Workers prepare Hostess Twinkies for packaging at the Interstate Bakeries Corporation facility April 20, 2005 in Schiller Park. (Photo by Tim Boyle/Getty Images)

Twinkies Could Disappear If Hostess Liquidates Amid Labor Strife

The flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co.

11/15/2012

borders

Big Discounts As Remaining Borders Bookstores Prepare To Close

Beginning Friday, everything at the remaining Borders bookstores is 40 percent off.

CBS Chicago–07/22/2011

Pedestrians pass by a Borders book store with signs announcing that it will be cloing its doors, March 4, 2001 in Washington, DC. (MANDEL NGAN/AFP/Getty Images)

Borders Writes Its Own Ending With Liquidation Plan

With no viable bids to buy the troubled book retailer, Borders seeks court approval to liquidate its surviving 400 stores, bringing an end to a chain that until early this year had several stores in the Chicago area.

07/18/2011