Options Falter For Bankrupt Hostess Brands Inc.; Judge Denies Motion To Reject Teamster Labor Contracts

Creditors rejected two proposals to buy the Hostess Brands Inc. out of bankruptcy as too low and are not optimistic about reaching a deal, according to The New York Post. Meanwhile, a federal bankruptcy judge delivered a win for the company’s largest union, the Teamsters, when he denied the company’s motion to scrap its employment contracts. For the full story, click here