Hostess is getting into the 4th of July spirit in a big way this Independence Day. They just announced a fantastic promotion to benefit the American Red Cross. It's super easy for you to do your part, and here's how it works.
Hostess, which makes such iconic foods as Wonder Bread and Twinkies, has filed for bankruptcy. The company is some $860 million in debt, so clearly some restructuring is in order. What happens now, you ask? Here are some possible scenarios of what may take place: