Twinkies shrink and shelf life grows under new ownership
Hostess brands now run leaner after private equity ownership. Twinkies show smaller size with two cakes at 77 grams and 270 calories, single cake 38.5 grams and 135 calories, down from 150 calories per cake. A spokeswoman cites mid-2012 size change by the predecessor, with a longer 45 day shelf life starting November 1.
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New York
Hostess
Associated Press
Hannah Arnold
Arnold
Apollo Global Management
Metropoulos & Co
Hostess Brands
July Pause on Wall Street After Record S&P Rally
New York markets halted a hot July run as the S&P 500 steadied after a 3 percent surge last week. Investors awaited Fed Chair Bernanke's congressional testimony while awaiting clarity on further stimulus. Jim Russell of US Bank notes the market consolidates gains ahead of the Fed signal.
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New York
Wall Street
Standard & Poor
S&p
Jim Russell
Wall St
New York Stock Exchange
US Bank
Fed
Ben Bernanke
Congress
Russell
U S economy weakens after cautious June retail sales
The Commerce Department reports overall retail spending rose 0.4 percent in June from May, with core sales up only 0.15 percent. Americans bought more autos furniture and clothes but cut back at restaurants bars home improvement stores and on computers and electronics.
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Washington, D.C
U.S
Commerce Department
Retail slowdown offsets gains in auto and furniture purchases
Americans increased buys of cars trucks furniture and clothes yet cut back elsewhere. Economists say the deceleration could trim first half growth and push April June annualized growth below 1 percent, weaker than expected though forecasts for the year’s second half remain around 2.5 percent.
Pump prices rise to 3 61 a gallon across the nation
Oil held steady as China’s growth cooled while gasoline prices jumped over the weekend. The national average rose 6 cents to 3.61 per gallon, with regional increases led by Indiana and Michigan where Hancock and Shelby counties posted week over week gains of 53 and 50 cents respectively.
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China
U.S
Egypt
Suez Canal
Indiana
Michigan
Hancock
Shelby
GasBuddy. Com
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Steve Mason
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Steve.mason
Statefarm.com
State Farm
Home Office
Bloomington, IL
Enloe
Janelle Walker
Enloe Residential
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