Maker of Twinkies goes into bankruptcy
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Onge. Interstate Bakeries Corp. has filed for bankruptcy, a casualty of rising costs and reduced demand for carbohydrate-rich breads and pastries, including its Wonder Bread and Hostess Twinkies.
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Interstate Bakeries Corp.  on Wednesday filed for bankruptcy after struggling with more than &#36;1.3 billion in debt and weak demand for bread products, brought on by the popularity of low-carbohydrate diets.
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KANSAS CITY, Mo., Aug. 30 -- Twinkie maker Interstate Bakeries Corp. on Monday delayed filing its annual report for the second time, a move that dragged shares lower by more than 42 percent on speculation about the company's ongoing viability.
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Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its Europe Beverages unit.
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Interstate Bakeries Corp. IBC.N on  Wednesday filed for bankruptcy after struggling with more than  $1.3 billion in debt and weak demand for bread products,  brought on by the popularity of low-carbohydrate diets.
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Halliburton Co. on Monday said its  subsidiaries Kellogg Brown & Root and DII Industries have  exited bankruptcy.
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Donald Trump&#39;s flagship casino business yesterday filed for bankruptcy as part of a financial restructuring aimed at easing $1.8bn (Â£1m) debt.
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Interstate Bakeries Corp. filed for Chapter 11 bankruptcy protection Wednesday blaming, in part, the low-carbohydrate diet phenomenon, along with rising wage and benefit costs and the
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Interstate Bakeries Corp. (IBC.N: Quote, Profile, Research) on Wednesday filed for bankruptcy after struggling with more than $1.3 billion in debt and weak demand for bread products
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NEW YORK -- Troubled retailers Sharper Image Corp. and Lillian Vernon Corp. have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.
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Financially struggling Interstate Bakeries Corp. early today filed for Chapter 11 bankruptcy reorganization in the US Bankruptcy Court in Kansas City.
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Interstate Bakeries Corp., the largest US wholesale baker whose products include Twinkies and Wonder Bread, has filed for bankruptcy reorganization early Wednesday, according to a published report.
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By Rick Babson, The Kansas City Star, Mo.  Feb. 2--Wall Street discovered there's still some cream filling left in embattled Twinkies maker Interstate Bakeries Co., sending shares up more than 30 percent Thursday.
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The doughnut chain reported sharply lower quarterly  earnings on Thursday that missed Wall Street's expectations as  it tries to overhaul operations after being battered by popular  low-carbohydrate diets. Its shares closed at $15.36 on the New  York Stock Exchange.
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Shares in Krispy Kreme Doughnuts have plummeted by almost 20% after the firm announced a quarterly loss of $3m due to store closures and poor sales.
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Interstate Bakeries Corp. IBC.N,  maker of Hostess Twinkies and Wonder Bread, filed for  bankruptcy on Wednesday after struggling with more than $1.3  billion in debt, high costs and weak demand for bread products  amid the popularity of low-carbohydrate diets.
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Interstate Bakeries Corp. IBC.N,  maker of Wonder bread and Hostess Twinkies, on Monday said it  hired a turnaround firm, delayed filing its annual report and  outlined possible credit concerns, sending its shares tumbling  more than 25 percent.