Hostess Judge Approves Motion to Wind Down Company
Nov. 21 (Bloomberg) -- Hostess Brands Inc. won interim approval from a bankruptcy judge to shut down and take steps to sell the Twinkie maker’s assets after mediation with its bakers’ union failed to resolve a contract dispute, leaving more than 18,000 jobs at risk. Julie Hyman reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
12:51 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)