![twinkies.jpg](https://assets1.cbsnewsstatic.com/hub/i/r/2012/11/15/d2206725-b667-43e6-83a9-9267d8b64121/thumbnail/640x360/5ae57ed72807a19847d7f570f9968c56/twinkies.jpg?v=e2b758f558b9b19612f3e16bc7fd9fcc#)
Hostess Says Talks To Stave Off Shutdown Fail
Hostess Brands Inc. lived to die another day.
Watch CBS News
Hostess Brands Inc. lived to die another day.
Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business, and customers have been rushing to local stores to grab their favorite fatty, sugary snacks before they're gone.
The flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co.
American Airlines pilots will be holding an informational picket at O'Hare International Airport Thursday afternoon, in the midst of an ongoing labor dispute.
The famed Chicago clothing retailer Mark Shale is will be closing three of its stores.
A local organization helping Chicago-area women cope with breast cancer abruptly shuts its doors -- and is filing for bankruptcy.
A Chicago firm is soliciting offers for the sale of Green Garden Country Club in Frankfort, part of the ongoing bankruptcy case of former gas station magnate William J. McEnery.
The bankruptcy of Michael's Fresh Market has drawn concerns about the store that stepped in to fill a vacancy in the South Kenwood neighborhood, after the Hyde Park Co-Op had left the site vacant for years.
The sale of the Chicago Sun-Times is a done deal.
With bankruptcy looming over the U.S. Postal Service, it's possible that next-day delivery will no longer be an option.
American Airlines is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt created by high jet fuel prices and labor problems.
A federal bankruptcy judge has ordered a public auction of the iconic Moo & Oink grocery store chain, which shut down in September.
A Minnesota investment firm has taken over two northwestern Indiana casinos as the casino company continues going through bankruptcy reorganization.
So far, Chicago native Sharon Bialek is the only one of four women who have accused Republican presidential candidate Herman Cain of sexual harassment to speak out publicly about the allegations. Now, a day after she came forward, we are learning more about her and her reasons for going public.
The Tribune Company bankruptcy case remains unsettled, after a federal judge rejected the latest plans.
Former employees of Moo & Oink meat markets have been fighting to force the chain to pay them pension and health benefits they are still owed from the months before Moo & Oink stores started closing.
Beginning Friday, everything at the remaining Borders bookstores is 40 percent off.
You're underwater, you're upside down, but you're not in foreclosure. You can afford the monthly payment on your home, but it's eating up most of your income. That's the situation for many homeowners and as CBS 2's Dorothy Tucker reports some are choosing to give up their homes.
Not too many years ago, gleaming new Borders bookstores were heralded as catalysts for development in many neighborhoods. But soon, they will all be gone.
With no viable bids to buy the troubled book retailer, Borders seeks court approval to liquidate its surviving 400 stores, bringing an end to a chain that until early this year had several stores in the Chicago area.
Dodgers owner Frank McCourt may have won the first round in a bankruptcy court fight with Major League Baseball, however the two sides are gearing up for what could be a protracted battle for control of one of the most storied teams in baseball.
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming the refusal of Major League Baseball to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat.
A two-week hearing begins Monday to determine the fate of Tribune Company.
Chicago-based Giordano's Pizza has filed for Chapter 11 bankruptcy protection, but wants to keep the business running during its reorganization.
The rare piece of sports memorabilia is expected to fetch a record-breaking price tag when it's put up for auction next month.
The Cook County State's Attorney's office reviewed the case, and decide not to charge the gunman.
The city accused the gun maker, local dealers of endangering residents by selling and marketing Glock handguns that can be easily turned into fully automatic weapons.
The Reinsdorf family, which owns the Chicago Bulls, and the Wirtz family, which owns the Chicago Blackhawks, announced what they said is the largest private investment ever on Chicago's West Side, with the goal of making it a world-class destination.
Dexter spent his offseason trying to get into shape by running hills and eating right, including cutting some late-night snacks from his diet.
Vice President Kamala Harris has already secured the endorsements of a majority of the Democratic delegates who will vote on her presidential nomination.
Secret Service Director Kimberly Cheatle stepped down from her role after facing calls to resign after the attempted assassination of former President Donald Trump.
Vice President Kamala Harris, who CBS News estimates is now the likely Democratic presidential nominee, is heading to the key battleground state of Wisconsin to give a speech in Milwaukee.
This year could be the first time in decades that a major political party would go into its convention without a presumptive nominee.
With 74.4% of registered voters turning up in Orland Park in 2020, a total of 48% cast their ballots for Mr. Biden, 51% for then-President Trump.
The hike was fueled mainly by the company's Safety Modernization Program to replace nearly 2,000 miles of dangerous, old, deteriorating natural gas pipes.
As of Tuesday evening, a total of five tornadoes had been confirmed in the Chicago area from the storms Monday night and six Sunday night.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
One third of Chicago's roughly 400 new car dealers are using pen and paper to complete deals.
The family asked CBS 2 for help after they found themselves stuck with random stuff and boxes filling their space—and nowhere else left to turn.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
Lisa Gee's experience taught her the life-saving importance of organ donations for thousands of patients.
Keisha House said people trust their hairdressers and barbers, and great communication takes place while in those chairs.
The FDA found even some products that claimed to be "sterile" were contaminated.
Under state law, all children living in a high-risk ZIP code must be tested for lead exposure at 12, 24, and 36 months of age.
Bally's took possession of the River West property July 5.
The plant, which was indefinitely idled in February 2023, is expected to reopen next year.
Fiscal Year 2024 saw total cannabis sales exceed $2 billion, which exceeded the figures for Fiscal Years 2023 and 2022.
Kroger owns the Mariano's brand, while Albertsons owns Jewel-Osco.
The DNC arrives at the United Center from Aug. 19-22.
Newhart was an Oak Park native and an alumnus of Saint Ignatius College Prep and Loyola University in Chicago.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
The ghosts of baseball past was at Wrigley Field on Tuesday in the form of the authenticated New York Yankees jersey that Babe Ruth wore during his mythical "called shot" home run during the 1932 World Series against the Cubs.
Chief Meteorologist Albert Ramon takes a look at the extended forecast.
Arlington Heights police said a man went into the apartment of a woman who had an order of protection against him this past weekend. The man attacked another man, who shot him dead, police said.
Andrew Ramos reports the Reinsdorf family, which owns the Chicago Bulls, and the Wirtz family, which owns the Chicago Blackhawks, announced what they said is the most significant private investment on Chicago's West Side.
The City of Chicago is suing two suburban gun shops accused of contributing to crime in the city. The newly expanded lawsuit named Eagle Sports Range in Oak Forest and Midwest Sporting Goods in Lyons as defendants. The parent company of Glock Handguns in Austria was also added as a defendant.
The sheriff's deputy who killed Massey is now charged with the woman's murder.
James Wilburn describes the heart-wrenching moments of watching the bodycam video of his daughter, Sonya Massey's, death when she was shot and killed by police after calling 911 for help.
The video shows the chaotic scene after a sheriff's deputy shot Massey, who is Black, in the face during a tense moment over a pot of water.
Vice President Kamala Harris has already secured the endorsements of a majority of the Democratic delegates who will vote on her presidential nomination.
The rare piece of sports memorabilia is expected to fetch a record-breaking price tag when it's put up for auction next month.
Former Secret Service agent McCarthy said security for both conventions is now even under more scrutiny since the assassination attempt on former President Trump.
The department has now confirmed they will be providing emergency medical support both inside the secure perimeter that will be going up around the United Center.
Data show the 4th of July has historically been one of the deadliest days of the year.
The former University of Illinois football player had been hired at Aunt Martha's despite having a criminal conviction on his record.
Two battalion chiefs told CBS 2 Investigators said hiring needs to be a priority for the Chicago Fire Department, and they plan to protest their working conditions.
The rare piece of sports memorabilia is expected to fetch a record-breaking price tag when it's put up for auction next month.
Dexter spent his offseason trying to get into shape by running hills and eating right, including cutting some late-night snacks from his diet.
The Sox had gone ahead on Paul DeJong's solo homer in the ninth inning before their bullpen's MLB-high 25th blown save.
Michael Busch and Dansby Swanson each had two hits as the Cubs twice escaped based-loaded jams to end Milwaukee's three-game winning streak.
Left guard Teven Jenkins said he felt like the offense was "ahead of the curve" from where they were last year.
The Cook County State's Attorney's office reviewed the case, and decide not to charge the gunman.
The burglars damaged the storefront, but could not get in.
This was not the first time such a thing has happened.
Police said the 61-year-old man was walking near La Salle and Washington streets around 2:45 a.m., when four people got out of a dark car and attacked him.
The police officer was confronted by multiple armed individuals. He's expected to be OK and no injuries were reported.