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Midday Market Report: 11/16/12
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Hostess to close, lay off 18,500 workers
- Duration 1:12
- Date Nov 16, 2012
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Hostess to close, lay off 18,500 workers
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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 --