Twinkies may survive the Hostess Brands bankruptcy, the company says. Twinkies, the cream-filled golden spongecakes, already have piqued the interest of a few companies. Twinkies alone brought in $68 million for Hostess so far this year.
Hostess Brands, which makes Twinkies, is asking a federal bankruptcy court to throw out union contracts for its workers, a move that would prompt union members to strike. Hostess Brands filed for bankruptcy protection earlier this year.