Hostess And Union To Negotiate
Hostess Brands Inc, its lenders and the unions representing its striking workers, agreed to start mediation hearings on Tuesday at the urging of a U.S. bankruptcy court judge. A hearing on Monday during which the bankrupt maker of Twinkies snack cakes and Wonder Bread was set to ask for permission to liquidate was quickly adjourned until Wednesday after the judge urged the parties to mediate in private.The new talks begin tomorrow. Maybe all those eBay postings were for naught. Twitter wags are already claiming that the "gone forever" claim was just a bargaining trick.