News you can use
News you can use
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WHITE PLAINS, N.Y. (AP) — A bankruptcy court judge on Wednesday approved a request by Hostess Brands Inc. to begin winding down its operations. The ruling came Wednesday after the maker of Twinkies, Ding Dongs and Wonder Bread failed in last-ditch negotiations to end a strike by its second-largest union. AP Photo/Rick Bowmer A Hostess Wonder Bread truck is shown in front of the Utah Hostess plant in Ogden, Utah. Hostess now has the green light to terminate the jobs of its 18,000 workers without risking legal action, and to s...
WHITE PLAINS, N.Y. — Twinkies will live to see another day. Hostess Brands Inc. and its second largest union agreed on Monday to try to resolve their differences after a bankruptcy court judge noted that the parties hadn't gone through the critical step of private mediation. That means the maker of the spongy cake with the mysterious cream filling won't go out of business yet. AP Photo/Brennan Linsley Twinkies baked goods are displayed for sale at the Hostess Brands' bakery in Denver, Colo. The news comes after the maker of H...
NEW YORK (AP) — Bank of America Corp. is nixing its plans to charge a $5 monthly debit card fee. The bank said Tuesday that the decision to scrap the plan came after listening to customer feedback in recent weeks. The news comes after other major banks, including JPMorgan Chase & Co. and Wells Fargo & Co., said last week that they were canceling tests of similar debit card fees. AP Photo/Alan Diaz A customer stands at a Bank of America ATM in Hialeah, Fla. Bank of America Corp. is scrapping its plans to charge a $5 monthly d...
It's meant to jolt borrowers from the complacency of debt: A new credit card statement that spells out the price of making only minimum payments. Yet the shock factor may be lost on the growing number of cardholders who bank online and no longer check their paper statements. As part of the credit card law that went into effect Monday, banks are now required to present some jarring math. Namely, how much you need to pay each month to wipe your balance clean within three years, and how long it would take to be debt-free if...
