Sunday Afternoon and Evening ... Scattered intense thunderstorms are expected, some severe. Large hail, high winds and the potential for isolated tornadoes will be the main threats. Locally heavy is rain also possible with these storms.
Twinkies maker has plenty of suitors
NEW YORK (AP) - It looks like we haven't seen the last of the Twinkie.
Hostess Brands says it's in talks with 110 potential buyers for the product lines that it makes -- including Twinkies, Ding Dongs and Ho Hos.
A financial adviser for the company said in bankruptcy court today that the suitors now include at least five national retailers. He says the buyers are "serious" and that they are ready to pay "substantial" amounts.
The update on the sale of the brands came as Hostess looked for court approval to give its top executives bonuses totaling up to $1.8 million as part of its plans to wind down its operations.
The company says the incentive pay is needed to retain high-level company officials during the liquidation process, which could take about a year.
Two of the executives could get additional rewards, depending on how efficiently they carry out the liquidation.
The bakers union is asking the judge to appoint an independent trustee to oversee the liquidation. The company announced plans to liquidate after the union went on strike earlier this month.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
Posted: 05/06/13 - SHERMAN, TEXAS—Members of the Austin College Class of 2013 are counting down the days until graduation—with both excitement and trepidation. Austin College President Marjorie Hass will present diplomas to more than 340 bachelor’s degree candidates and 18 Master of Arts in Teaching degree candidates who will take part in graduation events May 18 and 19 on campus. Read More
