Hostess Might Be Saved

Hostess Brands may avoid a total shutdown. According to an Associated Press report in the Wall Street Journal, Hostess Brands and its second largest union will go into mediation, as appointed by a U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y.

Writes the Associated Press:

The bankruptcy judge hearing the case says that the parties haven’t gone through the critical step of mediation and asked the lawyer for the bakery’s union to ask his client, who wasn’t present, if he would agree to participate.