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Keyword: comebackwilliegreen

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  • Twinkies maker halting bread operations in Southern California, cutting 1,300 jobs

    08/28/2007 2:20:47 PM PDT · by BurbankKarl · 62 replies · 1,651+ views
    KC.com ^ | 8/28/07 | JENNIFER MANN
    Troubled Interstate Bakeries Corp., in bankruptcy since September 2004, early today said it is closing four bread bakeries in Southern California. The closings will eliminate 1,300 jobs, which besides those in the bakeries, include jobs impacted by route consolidations. Interstate, the maker of iconic Hostess Twinkies, will continue to make and sell snack cakes in Southern California. In midday over-the-counter trading, Interstate Bakeries shares were up 10 cents, or 9.09 percent, at $1.20. The company said the pullout was due to lower-cost, non-union competitors, and irrational pricing, Those factors, combined with high fixed costs, have continued to make the market...
  • Foreclosures spiked in August

    09/13/2006 7:31:40 AM PDT · by Hydroshock · 117 replies · 1,582+ views
    CNN.COM ^ | 9-13-06 | Les Christie
    NEW YORK (CNNMoney.com) -- The number of homes entering into some stage of foreclosure is surging, according to a survey released Wednesday. In August, 115,292 properties entered into foreclosure, according to RealtyTrac, an online marketplace for foreclosure sales. That was 24 percent above the level in July and 53 percent higher than a year earlier. Where foreclosures are jumping Year over year gain in homes in foreclosure. Click for more stats on each state. Nevada: Up 255% California: Up 160% Florida: Up 62% It was the second highest monthly foreclosure total of the year; in February, 117,151 properties entered foreclosure....