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Apollo, Metropoulos near deal for Hostess Twinkies: sources

Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.

 

Hoarding Twinkies? Relax, treats will likely survive Hostess sale

Twinkies

Twinkie lovers, relax. The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands, baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom today to start the process of selling itself.

 

Starting Ebay Bid for a Single Twinkie Is $5,000

Twinkies

...Even if America’s iconic lard-log is dying, however, its entrepreneurial spirit is very much alive. Which is evidenced by the market for Twinkies and Twinkie-related products that is currently emerging on eBay. According to prices set by the sellers on the auction site, if you want a piece of air-puffed, sugar-soaked, corn-fed American history … it is going to cost you.

 

Disney to stop some junk-food ads on kids' TV

Disney

Walt Disney Co. will stop accepting some junk-food ads on TV programs, radio shows and websites aimed at children, according to sources with knowledge of the plan.

 

CNBC: Happy 100th birthday to the Oreo

Oreos

The best-selling cookie is 100 years old today.

 

DealBook: Kellogg to Buy Procter & Gamble’s Pringles Group

Pringles

Procter & Gamble has agreed to sell the chip brand for $2.695 billion to Kellogg, after its deal with Diamond Foods fell apart.

 

Kraft to cut 1,600 jobs in split

Kraft Foods Inc said that splitting into two companies would lead it to cut about 1,600 jobs in North America this year and that its 2011 profit should be slightly higher than it had previously forecast.

 

Twinkies maker Hostess seeks bankruptcy protection

The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade.

 

PepsiCo 3Q profit climbs on snack, beverage sales

PepsiCo Inc.'s third-quarter profit rose 4 percent because of higher prices and strong sales of its snacks and beverages, especially overseas.

 

Doritos Chip Creator Dies at 97

Doritos Chip Creator Dies at 97

Arch West, a retired Frito-Lay marketing executive credited with creating Doritos as the first national tortilla chip brand, has died in Dallas at age 97.

 

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