Interstate Bakeries Hires Turnaround Firm
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Interstate Bakeries Corp. (IBC.N), maker of Wonder bread and Hostess Twinkies, on Monday said it hired a turnaround firm and delayed filing its annual report with the U.S. Securities and Exchange Commission.
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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&#39;s ongoing viability.
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When the news broke last week that a drab-sounding Kansas City-based company called Interstate Bakeries had filed for bankruptcy protection, it may not have immediately gripped the imagination.
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Auto parts and service retailer The Pep Boys looks like it might be the next turnaround story as its new chief executive digs in.
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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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23/09/2004 - The largest wholesale bakery in the United States, Interstate Bakeries, has filed for bankruptcy amid a tide of mounting debts, rising costs and falling sales, but the companyâs new fix-it specialists have vowed that the show will go on.
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How this once-tiny company hinted it was ready for a turnaround.
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For the first time in years, manufacturing may be one of the best places to look for a job in Northwest Indiana. Durable goods manufacturing and services will have the best job prospects in
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As CEO and chairman, James Elsesser kept looking for a way to make Interstate Bakeries Corp. as solid as its brand names. Inheriting a company with aging factories and slow reflexes that for decades
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Interstate Bakeries Corp. , the purveyor of lunch box staples Wonder Bread and Twinkies, filed for bankruptcy protection yesterday, felled by the combination of a more health conscious public and smothering operational costs.
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MORRISVILLE, NC Oct. 6, 2004 - The scents of molasses, sugar and ginger hang in the air like an invitation to sin as Lee Tobin shows off his new bakery.
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Troubled tech giants Intel, Dell and Gateway each announced turnaround initiatives Thursday. The plans are varied but have the same goal: to get the companies into shape before the crucial back-to-school and holiday shopping seasons, says independent technology analyst Rob Enderle.
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The SuperPretzel and ICEE company looks like a solid performer that can grow.
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Interstate Bakeries Corp. (IBC.N: Quote, Profile, Research) , maker of Hostess Twinkies and Wonder Bread, filed for bankruptcy on Wednesday after struggling with more than $1.
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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 and high costs.
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Management is trying to turn things around, but the company's paying for past mistakes.
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Interstate Bakeries, the maker of Wonder Bread, Hostess Twinkies and other baked goods, denied conjecture that it would be filing for bankruptcy.