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)

Yale's Roach Feels Fed Lacks Guts to Normalize Policy
20:44 - Yale University Senior Fellow Stephen Roach discusses the biggest worries for the Federal Reserve as the central bank attempts to return to normal monetary policy. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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