'Twinkies may last forever, but the same can't be said for Hostess Brands Inc., the company that makes the popular cream-filled spongecake.
Hostess has asked a bankruptcy judge for permission to go out of business and lay off 18,500 workers, blaming a strike by members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union.
"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Hostess Chief Executive Gregory F. Rayburn said in a statement Friday.'
http://www.latimes.com/business/la-fi-hostess-closing-20121117,0,3494153.story
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