Content Tagged 'Bankruptcy'

Wonder Bread is one step closer to making a comeback. A bid by Flowers Foods to buy several Hostess brands was accepted by the now bankrupt company Wednesday.

Pinnacle Airlines announced Thursday it will move its headquarters from downtown Memphis to Minneapolis-St. Paul as part of a cost-saving measure as the company emerges from Chapter 11 bankruptcy.

A bankruptcy judge will allow Hostess Brands Inc. to liquidate its assets after negotiation efforts between the company and its bakers' union failed.

Hostess went to bankruptcy court in New York Monday ready to liquidate, but Twinkies and other favorite snacks might still live on.

Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business. Hostess Brands Inc. announced Friday it will permanently close and operations have already ceased at all plants - including Memphis. Watch Video

If politicians can't manage their own money, how they can they make decisions about hundreds of millions of dollars of taxpayer money? That's what people are saying about Memphis City Councilwoman Janis Fullilove filing bankruptcy. She's the latest politician to file bankruptcy, but she's not the only one. Watch Video

Memphis City Councilwoman Janis Fullilove hasn't been feeling the love from her creditors and now she's seeking relief. The 5-year City Council veteran filed for bankruptcy protection. Watch Video

Memphis-based Pinnacle Airlines has filed for Chapter 11 bankruptcy. Company leaders say they need to work on a turnaround plan.