Interstate Bakeries News

Interstate Bakeries Corp. must file a new reorganization plan by Monday and get support from its unions or provide a liquidation strategy to its lenders.The stipulations are laid out in the bankrupt ...

Interstate Bakeries Corp. narrowed its loss in the four-week period ended May 3 to $9,409,531 from $15,398,111 in the four-week period ended April 5, according to an 8-K filed June 18 with the Securities and ...

Interstate Bakeries Corp., through its Hostess snack cake brand, has partnered with Universal Pictures for a promotion pairing Hostess 100 Calorie Packs and the musical romantic comedy Mamma Mia! In connection ...

Rising commodity costs could result in permanent structural changes for the American food industry, said international ratings agency Fitch.

“We are very appreciative of the support our lenders have continued to demonstrate”

Under the terms of the amended and restated DIP credit agreement, the maturity date has been extended to September 30, 2008 and the amount available for borrowing under the agreement has been increased from ... via PR-inside.com

“We are very appreciative of the support our lenders have continued to demonstrate”

Interstate Bakeries Corp. announced today it has closed on an amended and restated debtor-in-possession revolving credit agreement to replace its former DIP credit agreement that was set to expire on June 2. ... via Bakingbusiness.com

A trip to one of the four classic Major League Baseball stadiums is the prize in a new Interstate Bakeries Corp. via Bakingbusiness.com

Interstate Bakeries Corp. and Bernstein-Rein, its marketing agency, have received the 2008 Gold Ogilvy Award for Outstanding Advertising Research. via Bakingbusiness.com

“We get them out of the fire, and the little girl's crying. She said, `We're missing a kitten.”

Lucky is a dalmatian that's being trained by Frank Sullivan, 70, who was one of Miramar's first firefighters. via The Miami Herald

A 94,000-square-foot office building in North Stafford sold this week for $22.8 million. via Fredericksburg.com

Interstate Bakeries Corp. said it wants more time to cook up bankruptcy reorganization options, and its lenders seem to approve. via Business First of Columbus

Loss increases for Twinkies maker The bakery company that makes Hostess Twinkies and Wonder Bread reported a larger third-quarter loss on lower sales and an increase in restructuring and reorganization costs. via Akron Beacon Journal

Interstate Bakeries Corporation today announced that it has executed a commitment for financing with certain of the existing lenders under its current debtor-in-possession credit facility, other new lenders ... via Earth Times

The City of Spokane Valley wants your help in how the city looks over the next 20 years. via KREM-TV Spokane

A group in Bellows Falls has gotten itself in a bind with the state over a billboard designed to promote economic growth. via WCAX-TV Burlington

“Hopefully it will get everybody's attention how dangerous it can be”

' When was the last time highway worker Greg Sullivan had a brush with death working on Interstate 70? "Yesterday," Sullivan said Tuesday morning, as Colorado Department of Transportation employees gathered at ... via Aspen Daily News

“We've had way more snow this year”

Traffic was stuck on I-70 West near Lookout Mountain in early March. CDOT has spent more than $14 million plowing I-70 this winter. via Denver Post

“Unless commodity prices retreat to pre-2007 levels, which I don't think is going to happen, we're going to see higher prices for the food industry and higher rates of inflation for the consumer.”

In 2004, Interstate Bakeries Corp., maker of all-American brands Wonder bread and Hostess Twinkies, filed for bankruptcy partly due to escalating costs, including $4-a-bushel wheat.

Today, as the baking behemoth tries to manage its way out of bankruptcy, it's dealing with wheat prices that have sometimes reached three times that price at $13 a bushel.

In fact, in just the past year a number of commodities crucial to food manufacturers have soared to record-breaking prices, with wheat up 107 percent, soybeans 65 percent and corn 61 percent. Read more

“It was the worst wreck I've ever scene in my life.”

An estimated 70 cars were involved in a pileup that closed Interstate 70 a total of about nine hours and in which one person died Monday afternoon, the Colorado State Patrol said. via The Summit County Journal

Interstate Bakeries Corp. is asking its lenders to increase its borrowing capacity from $200 million to $250 million in return for IBC requesting proposals from interested buyers by April 21. via Kansas City Business Journal