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Midday Market Report: 11/16/12

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  • Description

    Hostess to close, lay off 18,500 workers

  • Duration 1:12
  • Date

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Port -- twinkies stock up on your snowball and grab your honey buns hostess going -- -- business.

The -- is asking a bankruptcy court judge for permission to liquidate this after failing to get wage and benefit cuts from -- bakery union workers.

Liquidation could happen just two days before Thanksgiving.

-- employs more than 181000 workers and it's been in business for 82 years.

-- -- is valid better than expected earnings the retailer's third quarter profit rose 61%.

To a 106 million dollars.

Gap that its third quarter profit rose 60% in the past year.

To 308 million dollars gap also raised its full year outlook thanks to solid -- and it's old navy banana republic and namesake stores.

And here -- some twisted tech for you literally Samsung is reportedly working on a mobile device that's bendable.

They'll use plastic instead of glass to -- to display that you can twist yet not break.

Samsung is expected to release the new devices in the first half of 2013.

That's this.

For more on the fiscal -- log on to foxbusiness.com.

In New York -- alliance and in --