Junk food junkie alert: Look for Twinkies on store shelves in July.
Four former Hostess snack cake bakeries around the country are scheduled to reopen within eight to 10 weeks.
An investment group, which bought assets and rights to several products after Hostess Brands Inc. liquidated last year, confirmed this week that bakeries in Emporia, Kan.; Columbus, Ga.; Schiller Park, Ill.; and Indianapolis will begin hiring soon.
The investor partnership of Metropoulos & Co. and Apollo Global Management LLC paid $410 million for the bakeries and rights and to make Twinkies, Ding Dongs, Ho Hos, Donettes, Zingers, Suzy Qs, Mini Muffins and Hostess Cup Cakes.
Burger King sees revenue drop
Burger King's first-quarter earnings more than doubled even though revenue fell, as the fast-food chain trimmed several restaurant-related expenses. The Miami-based company had warned earlier this month that sales at established restaurants were expected to fall during the quarter, and they wound up declining 1.4 percent. That includes a 3 percent drop in the United States and Canada. Burger King said competition and a strong first quarter last year hurt U.S. and Canadian sales comparisons to this year's quarter.
Honda profits rise 6%
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.Honda Motor Co. reported Friday a quarterly profit of $765 million, and quarterly sales jumped 14 percent.
AT&T launches home security service
AT&T Inc. launched its home security and automation service in 15 cities Friday, with an eye toward getting customers hooked on security cameras, thermostats and locks they can control from phones and tablets. AT&T's “Digital Life” packages will be sold in cellphone stores in markets including Los Angeles, Chicago, San Francisco and Miami. The company plans to roll the offering out to 50 markets by the end of the year.