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January 5, 2011
Tastykake maker: Financial issues could force sale
PHILADELPHIA (AP) -- Pressured by declining sales and the failure to produce projected savings from a new production facility, the maker of Tastykakes said Wednesday it is looking at several options, including a merger or sale.
...
The company cited a bankruptcy filing by the owner of the A&P, Super Fresh and Pathmark grocery chains and rising commodity costs as contributing factors to the financial squeeze and said it was looking at all options.
November 4, 2007
Twinkie Prosperity
Interstate filed for bankruptcy in September 2004 amid declining sales and rising costs.
Update:
It has been pointed out to me in the comments (by mab) that there is more to this story.
May 13, 2010
Bernanke takes a cake walk in Philadelphia
Tasty Baking Company employee Shelley McDonnough, a Research and Development supervisor said the Chairman was “very knowledgeable” and that it was clear the U.S. needs the Fed to oversee the financial system.
This is the same company that just blamed rising commodity costs as a contributing factor to their financial squeeze? Fascinating.
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
-
From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
3 hours ago
4 comments:
Stag,
As you may recall, Bernanke toured the new Tastykake facility at the Phila. Navy Yard:
http://blogs.reuters.com/macroscope/2010/05/13/bernanke-takes-a-cake-walk-in-philadelphia/
Bernanke's helicopter only drops money on Wall Street. Wall Street uses the money to create extractive debt and loot Main Street.
What a system.
I did not recall that! I'll add your link to the post.
What a system indeed.
"Interstate filed for bankruptcy in September 2004 amid declining sales and rising costs."
Well I guess that explains the scarcity of Twinkies in postapocalyptic America.
http://tinyurl.com/266aksn
watchtower,
Loved that scene! :)
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