Private equity bids to buy Hostess brand for 410 million
Two private equity firms agreed to pay 410 million dollars for Hostess Brands and its products including Twinkies Cupcakes and Ho Hos. The deal, pending bankruptcy court approval, could close by end of April and faces potential sweeter bids. Independent bakers and rivals saw a sales surge since Hostess shutdown.
MENTIONED IN THIS ARTICLE
Hostess
Hostess Cupcakes
U.S
Bakery
Confectionery, Tobacco Workers and
Grain Millers International Union
Symphonyiri Group
Goodies
Walgreen Inc
Jim Graham
Safeway Inc
Principal Financial posts higher fourth quarter net income
Principal Financial Group reports Q4 2012 net income of 218.6 million dollars or 74 cents per share up from 2011’s 148.5 million or 48 cents. The Des Moines insurer cites stronger operating earnings and lower credit losses, with acquisitions in Chile and Latin America supporting growth.
MENTIONED IN THIS ARTICLE
Principal Financial Group
Cedar Rapids
Des Moines
Latin America
Larry Zimpleman
Cuprum
Chile
Russia bans US beef and pork exports over ractopamine residues
Russia will stop imports of U.S. beef and pork by February 11 to require ractopamine-free meat, prompting U.S. officials to urge suspension of the measure. Iowa producers face millions in losses. analysts predict exports could fall sharply.
MENTIONED IN THIS ARTICLE
United States
Iowa
Russia
U.S
World Trade Organization
Matt Herrick
U.S. Department of Agriculture
Herrick
Washington, D.C
USDA
WTO
Chuck Grassley
Grassley
Obama
Dermot Hayes
Iowa State University
U.N
Women in games push for combat roles in virtual worlds
AP reports on rising female protagonists in video games and the Pentagon ending its combat ban. Designers Brenda and John Romero discuss potential storylines and broader player desire for choice, as traditional franchises expand with more diverse characters.
MENTIONED IN THIS ARTICLE
Los Angeles
Lara Croft
Samus Aran
Jill Valentine
Chell
Call of Duty
Battlefield
The
Pentagon
Brenda Romero
Romero
John Romero
Manon Batiste
Also Mentioned on This Page
Agribu
Siness
George
Ford
Sourcemedia
Epic Games
Microsoft
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