KOMU Business Update: Hostess Liquidation, Fiscal Cliff Talks

3 years 6 months 5 days ago November 18, 2012 Nov 18, 2012 Sunday, November 18 2012 Sunday, November 18, 2012 1:35:00 PM CST in News
By: Katie Brennan

BOONVILLE - Many thought Twinkies could outlast the human race... But hostess filed motion to liquidate Friday, so that theory probably needs some rethinking.

A nationwide strike by Bakery Union workers forced the bankrupt maker of Twinkies and Wonder Bread to lay off 18,500 workers.

This national story hits close to home, as eighty workers at the Hostess bakery in Boonville were told not to go to work Friday. Nearly 6,000 union workers picketed at two thirds of Hostess bakeries across the country but the picket line did not reach Boonville. 

Workers there voted against the labor contact that sparked the strike but went to work as usual each day last week. The workers there say they are hoping someone steps in to buy the bakery and offer them employment.

President Barack Obama began talks this week on how to avoid the looming fiscal cliff. He spoke to business leaders at the White House Wednesday and opened negotiations with Congressional leaders Friday.

Spending cuts and raising taxes have been contentious issues, but both sides appeared willing to give ground. Congressional leaders expressed optimism they could reach a deal before Christmas.

That's good news for Wall Street, as the question marks that surround the Fiscal Cliff have hit the markets hard in recent weeks.  

KOMU 8's Katie Brennan will have more on how a conclusion on the Fiscal Cliff could affect Missouri in next week's Business Update.

 

More News

Grid
List
COLUMBIA – Newer buses purchased in the late 2000s by the City of Columbia are costing much more in maintenance... More >>
1 hour ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 8:17:00 PM CDT in Target 8
LINN - Transgender woman Cathy Serino received an invitation on Wednesday to participate in the "The United States of Women"... More >>
1 hour ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 8:15:00 PM CDT in News
COLUMBIA - Memorial Day weekend festivities are underway following the Salute to Veterans wreath laying ceremony outside the Boone County... More >>
1 hour ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 8:01:00 PM CDT in News
COLUMBIA - The Centers for Disease Control and Prevention (CDC) asked 100,000 people about their smoking habits and found current... More >>
2 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 7:16:00 PM CDT in News
KANSAS CITY (AP) — Kansas City, Missouri, police say an officer shot and wounded a woman they say pointed a... More >>
3 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 6:45:41 PM CDT in News
ST. LOUIS (AP) — A 19-year-old Illinois man has been charged with first-degree murder in connection with a downtown St.... More >>
4 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 5:25:24 PM CDT in News
JEFFERSON CITY - Gov. Jay Nixon announced today that the Echo Bluff State Park in Shannon County will officially be... More >>
5 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 4:37:00 PM CDT in News
COLUMBIA - Missouri school immunization requirements for students are changing. Students entering eighth grade and twelfth grade are required... More >>
6 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 3:27:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri's insurance department has dealt a setback to a proposal by the nation's third-largest health insurer... More >>
6 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 3:25:45 PM CDT in News
ST. LOUIS (AP) — A state audit released Wednesday cites "serious mismanagement" by the former superintendent of the Fox School... More >>
6 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:56:24 PM CDT in News
TOPEKA, Kan. (AP) — Planned Parenthood of Kansas and Mid-Missouri plans to merge with the abortion provider's central Oklahoma affiliate... More >>
7 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:43:21 PM CDT in News
COLUMBIA – Columbia's Regional Economic Development Inc. (REDI) hosts an entrepreneur event, 1 Million Cup, every Wednesday morning from 9... More >>
7 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:41:00 PM CDT in News
AUSTIN, Texas (AP) — Texas and 10 other states are suing the Obama administration over a new directive about transgender... More >>
7 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:31:00 PM CDT in News
SPRINGFIELD (AP) — Greene County officials say they'll be able to hold Springfield municipal inmates at the county jail once... More >>
7 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 2:13:17 PM CDT in News
KANSAS CITY, Mo. (AP) — A Missouri woman already accused of embezzling more than $300,000 from engineering firm Black &... More >>
7 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 1:55:09 PM CDT in News
COLUMBIA - The Missouri State Highway Patrol said a vehicle speeding through Columbia led to a "nearly head-on" collision on... More >>
10 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 11:38:00 AM CDT in News
COLUMBIA - The University of Missouri - Columbia is under fire by the group Stop Animal Exploitation NOW!, or SAEN,... More >>
11 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 10:43:00 AM CDT in News
ST. LOUIS (AP) — The Latest on the shooting death of an 8-month-old boy in St. Louis (all times... More >>
12 hours ago May 25, 2016 May 25, 2016 Wednesday, May 25 2016 Wednesday, May 25, 2016 9:16:00 AM CDT in News
Columbia, MO
Broken Clouds 73°
10pm 75°
11pm 74°
12am 73°
1am 73°

Select a station to view its upcoming schedule:

Coming Up Next

9:00p
Chicago P.D.
10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
9:30p
Seinfeld
10:00p
Cougar Town
10:30p
Cougar Town

Tonight's Schedule

7:00p
Heartbeat
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld