NEW YORK (Reuters) - Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Twinkies from bankrupt Hostess Brands Inc, according to a source familiar with the matter. A deal, part of Hostess's bankruptcy reorganization, is not yet final, said the source, who declined to be identified as the discussions are not public. The so-called stalking horse bid would be for more than $400 million, according to the Wall Street Journal. It would serve as the baseline offer for the business and could be topped by others at an ...
The Web is filled with inspirational videos urging you to get up and do something meaningful with your life. Now the advice is coming from the tiniest of motivational speakers, a 9-year-old kid from Tennessee known as Kid President. The videos began as a family joke, but they've blossomed into a viral sensation. His latest [...]
Massachusetts Democratic Sen. John Kerry on Tuesday cleared the first hurdle in his confirmation process to become the next secretary of state after unanimous approval from the Senate Foreign Relations Committee. Kerry's approval, conducted by voice vote, was expected given that Kerry chairs the committee and his confirmation hearing process has been without controversy. His [...]
Transportation Secretary Ray LaHood thanked Obama for an "extraordinary opportunity."
A conservative pro-immigration reform group has issued talking points to Republican lawmakers, telling them to avoid referring to the children of illegal immigrants as "anchor babies" or calling for the construction of an "electric fence" on the border, among other things. The talking points, published by BuzzFeed, went out to Republican lawmakers on the Hill [...]
WASHINGTON (AP) — Federal regulators say a Florida company has been marketing an untested inhaled formula as a flu remedy in violation of drug safety regulations.