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On Hostess Brands’ last day of shipping its iconic snacks, entrepreneurial eBay sellers have taken the opportunity to tap into buyers’ Hostess panic, selling boxes for 95 percent more than grocery stores.
In one Food Emporium grocery store in New York City, Twinkies were sold out by 1:30 p.m. ET. In its place, was a box of 8 Hostess Strawberry Cupcakes, sitting next to several other Hostess products.
Retailing there for $4.29 for a box of ten Twinkies, one eBay seller sold a box for $59.99. Other boxes were on sale for $100 or more.
Hostess’ final shipments take place Friday, said Erik Halvorson, a spokesman for Hostess, the same day CEO Gregory F. Rayburn said it filed a motion with the U.S. Bankruptcy Court to close its business and sell its assets.
Halvorson said retail prices for Hostess products vary.
The company had filed for bankruptcy twice. The company filed in 2004 and then again in January of this year.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said CEO Gregory F. Rayburn in a statement on Friday morning. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”
The fate of the Twinkie and other Hostess products hang in the balance as Hostess winds down the company. Private equity firm Ripplewood Holdings is one of the owners. Hedge funds Silver Point Capital and Monarch Alternative Capital own Hostess’ debt.
Among the 33 bakeries and 565 distribution centers Hostess said it will close is a factory in Schiller Park, Ill., which neighbors Chicago O’Hare International Airport. The bakery was the birthplace of the Twinkie, created on April 6, 1939 by Continental Baking Co.’s James Dewar.
1. Miami Heat (2-1, previous ranking: first): Ray Allen saved the Heat against Denver with a late four-point play. Brooklyn Nets will give the Heat a good test on Wednesday.
2. San Antonio Spurs (3-0, previous ranking: sixth): Tony Parker's buzzer-beater gave the Spurs a nice win over Oklahoma City. Victory over Utah didn’t come easy either.
3.
New York Knicks (2-0, previous ranking: ninth): The Knicks are off to
one of their best starts in years because of dependable 3-point
shooting, solid performance from role players and Carmelo Anthony's scoring.
4.
Los Angeles Clippers (2-1, previous ranking: fifth): Give the Clippers a
pass on Golden State loss after big Lakers win night before.
5.
Oklahoma City Thunder (1-2, previous ranking: second): Home loss to an
Atlanta team missing Josh Smith? Looks like the Thunder are dealing with
some chemistry issues after trading James Harden. That includes arguing
on the court.
6.
Brooklyn Nets (1-0, previous ranking: 10th): The Nets' first game in
Brooklyn was a victory, but there was also bad news as starting small
forward Gerald Wallace sprained his ankle.
7.
Los Angeles Lakers (1-3, previous ranking: third): Lakers are a work in
progress and losing Steve Nash to a leg injury didn’t help.
David
Cameron has suggested that Syria's president Bashar al Assad could be
allowed safe passage out of the country if it would guarantee an end to
the nation's civil war.
“Before you knew her as TV’s Bad Girls Club President I knew Natalie Nunn when she was just Natalie Nunn. After she did Bad Girls, Natalie had me shoot a video that I was supposed to be compensated for and never got paid. So here is the video I shot. My partner Calafornia Slim edited and Sandman created the music… hope you enjoy a sex-ee yet tasteful video of Natalie Nunn.”
A ferocious leopard may have killed 15 people in Nepal in a 15-month span, its latest victim a 4-year-old boy that the creature dragged away into the jungle to eat.
The head of boy was found in the forest a kilometer from his home Saturday morning, said Kamal Prasad Kharel, the police chief of the Baitadi district, an area about 600 kilometers (373 miles) west of Kathmandu.
The grisly discovery, which came after teams of people searched for the child, marks the 15th victim in the past 15 months in that remote district in western Nepal.
The police chief suspects that a single man-eating leopard is responsible for the deaths. If not, there are at most two of the man-eating creatures around, he believes.
Maheshwor Dhakal, an ecologist at the Department of National Parks and Wildlife Conservation in Kathmandu, agreed that it is unusual to find more than one or two man-eating animals in one area. Most leopards live on wild prey. WOW!
Sherman Hemsley died on July 24 from lung cancer, but the late television star has still not been buried due to a legal battle over his estate and his final resting place.
Hemsley’s body remains at a morgue while his family and the executer fight over his burial. Hemsley’s will states that Flora Enchinton Bernal is the executer. His family is challenging bernal and the will.
On Tuesday, both sides met in downtown El Paso to give testimony before the judge makes his decision.
The deposition at the offices of Associated Court Reporters lasted four hours.
Bernal has said Hemsley wanted to be buried in El Paso, his home for the past two decades.
Hemsley’s family, his alleged brother and nephew believe he should be buried near his family in Pennsylvania. Family members have said they think the will is suspicious because it was made just a month before Hemsley died.
We talked to Bernal as she walked out of the office on Tuesday. She said this has been a tough process and it’s now in God’s hands.
