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

Twinkie bakers follow in the footsteps of foundry workers, baggage handlers, and others, as restructured companies hire employees back at lower wages.

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.