How a private-equity firm turned around Hostess and saved the iconic snack.

Twinkie is back in business after a big slim down — cheaper wages, fewer benefits, and other cost-cutting measures.

Two private equity firms confirmed today they're the winning bidders in the Hostess bankruptcy auction.

Hostess, maker of Twinkies, won court approval to wind down. Who will sell of its brands and factories? Companies called liquidators.

Last-ditch talks to save the Hostess company from liquidation have failed. The Twinkie maker will likely begin the (legal) winding down process to shut everything down and sell off remaining brands and assets.

Hostess Brands may not be dead after all. The company's management and workers will be back at the bargaining table one last time today to try and avoid liquidating the company. A private mediation will take place behind closed doors.

Hostess will hold talks with its bakery workers union to try to avoid the company being shut down. Bad news for people who may have bid thousands of dollars on Twinkies.

Attention Twinkies lovers! All is not lost. Parent company Hostess begins its liquidation process, and one rumored buyer is a global bakery conglomerate from Mexico.