The new owners of Hostess Brands plan to reopen the company’s Columbus, Ga., plant this summer and eventually employ more than 300 workers.
The baking company, which produces Twinkies, Cup Cakes, Ho Hos and Ding Dongs, is expected to resume operations this summer with a new workforce.
“We fully expect to be in production and back on the shelves by the end of July,” company spokesman Michael Cramer said.
Apollo Global Management and Metropoulos & Co. purchased Hostess’ assets out of bankruptcy. The new owners are investing $20 million in the plant and community.
Hostess, formerly based in Irving, Texas, is now based in Dallas and Kansas City, Mo.
CoreLogic acquires Case-Shiller indexes
CoreLogic Inc. said it acquired the Case-Shiller home-price indexes for $6 million, adding a widely used measure of U.S. property values to its real estate data.
Case-Shiller, founded by Wellesley College professor emeritus Karl Case and Yale University economics professor Robert Shiller, is best known for its gauge of repeat home sales in 20 U.S. cities. CoreLogic, which also issues a monthly home-price index based on repeat sales, will continue to produce separate reports, the Irvine, Calif.-based real estate information service said Thursday.
Fiserv Inc., a financial-technology company based in Brookfield, Wis., owned the Case-Shiller indexes.
Amazon earnings beat forecasts
SEATTLE (AP) — Amazon.com says its net income declined in the first three months of the year even though revenue increased 22 percent, as its expenses continued to grow.
Amazon.com Inc. said Thursday that it earned $82 million, or 18 cents per share, in the first quarter. That’s down 37 percent from $130 million, or 28 cents per share, in the same period a year earlier. But it’s higher than the 7 cents expected by analysts polled by FactSet.
Revenue rose 22 percent to $16.07 billion, from $13.19 billion. Analysts expected $16.14billion.
Amazon’s operating expenses rose 22 percent to $15.9 billion, from $13 billion.
T-Mobile plan has a catch
NEW YORK (AP) — Washington state’s chief prosecutor says there’s a catch to T-Mobile’s new cellphone plans, which replace the traditional two-year service contract with an installment plan for phone buyers.
One of the benefits of the new plan is that buyers can cancel their service at any time. But Washington Attorney General Bob Ferguson says the company hasn’t told customers that they have to pay the full remaining cost of the phone if they cancel service; they can’t remain on the installment plan.
Ferguson says T-Mobile has agreed to make that clearer. He says customers nationwide who bought T-Mobile phones from March 26, when the plan was introduced, to Thursday can get a full refund.