1. HO NO!

    Hostess’ Mediation Efforts Fail

    Justin Sullivan / Getty images

    Pour a glass of milk for the dessert foods that are no more, because it appears that Twinkies, Ho Hos, Ding Dongs, and the rest of Hostess Brands Inc.’s cupboard full of snack foods could really be leaving supermarket shelves for good. Mediation efforts between the company and the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union failed Tuesday, so Hostess will return to bankruptcy court Wednesday to make its case of liquidating and selling off its assets. Roughly 18,000 workers at the Texas-based company will lose their jobs.

    Read it at Los Angeles Times