mediation

Hostess Gets OK to Begin Winding Down Business

Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess will be in court Wednesday asking for a bankruptcy judge for permission to shutter its operations.

Judge Orders Hostess to Mediate with Union

Twinkies won't die that easily after all. Hostess Brands and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet.