WZTV FOX 17 - Top Stories
According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes is still being negotiated with other bidders.
The bid by McKee would set the floor for an auction process that lets competitors make better offers. A judge would have to approve the final sale.
McKee Foods, based in Collegedale, Tenn., makes a variety of snack cakes under the Little Debbie banner that compete with Hostess cakes at a lower price.
Hostess Brands Inc., based in Irving, Texas, announced in November that it was shutting down its business and selling its breads and snack cakes.
Earlier this month, Hostess picked Flowers Foods as the lead bidder for six of its major bread brands, including Wonder.
Tuesday, January 29 2013, 01:35 AM CST
Man facing extradition for murder claims innocence
June 17, 2013 20:24 GMT
ALBANY, N.Y. (AP) -- A former U.S. Marine facing extradition to the Philippines on double murder charges says he is innocent.
Timothy Kaufman has been in jail since his arrest in April at business near his grandfather's Albany-area home. The 35-year-old from Knoxville, Tenn., is one of three men charged by Philippine authorities with killing a retired Northern Ireland police officer and his girlfriend in 2011.
Authorities claim it was a premeditated killing in an area known for its sometimes-seamy club scene.
In a handwritten letter sent to the media from jail, Kaufman says he would never do something as "heinous and stupid" as killing the couple. He says he left the country after the killings because he feared for his safety.
An extradition hearing is scheduled for June 25 in Albany federal court.
Oil rises past $98 on Syria, ahead of Fed meeting
(AP) -- The price of oil has edged above $98 a barrel.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: INTELLIGENCE OFFICIALS CLAIM SURVEILLANCE NOT AS EXTENSIVE AS FIRST THOUGH
WASHINGTON (AP) -- Top U.S.