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Hostess, bakers union mediation fails
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Looks like it'll be a bake sale after all. Hostess Brands Inc. said Tuesday that mediation efforts with the Bakery, Confectionery, Tobacco and Grain Millers Union were about as successful as a Twinkie without the cream filling. That means the pastry maker will return to bankruptcy court in White Plains, N.Y., on Wednesday morning to argue its case for liquidating and selling off its assets. The company "will have no further comment" until then, it said. The failed talks will likely be devastating news to legions of Americans who stockpiled Ding Dongs and Ho Hos over the weekend — after Hostess first said Friday that it was shutting down — only to rejoice when the company agreed Monday to attempt a reconciliation with its union. Far worse off, however: the more than 18,000 workers who will lose their jobs as Irving, Texas-based Hostess shuts down its operations. The brand was powered by hundreds of distribution centers, bakeries and outlets spread around the country. The company blamed a strike by BCTGM union members for its decision to shutter; workers who walked off their jobs accused Hostess of boosting executive pay while plundering worker benefits and slashing wages. The mediation, suggested by Judge Robert Drain, may have been doomed from the start, according to experts. A line of potential buyers has formed in the past few days, among them Hurst Capital and, according to reports, Flowers Foods, Sun Capital Partners and Bimbo Group. 
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Today is Thursday, June 20, the 171st day of 2013. There are 194 days left in the year.
1863 -- 150 years ago: The latest interpretation of the conscription law is said to be that $800 can be paid for an exemption, in which case the person will be eligible for call ina subsequent draft; or a substitute can be furnished. In the latter case, if the substitute isaccepted, the person he represents is exempted for that draft period.
1888 -- 125 years ago: A floral concert presented by Central Presbyterian Church womenattracted a large crowd yesterday.
1913 -- 100 years ago: Milton Reed, infielder on the Davenport baseball club, has beensold to the Philadelphia National league team.
1938 -- 75 years ago: The State Bank of Rock Island has doubled its capital structure,raising it to $1 million, according to Lewis B. Wilson, president of the bank.
1963 -- 50 years ago: The American Wind Symphony Orchestra will present two concertsin the Quad-Cities on Aug. 6, performing from its specially equipped stage-barge. Thebarge, which is traveling the Mississippi River route, will be moored just off the shore forthe concerts.
1988 -- 25 years ago: Fines for overdue items at the Rock Island Public Library are beingincreased to 10 cents per day per item effective July 1. Fines will not be prorated onbooks returned after that date.
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