Page 84 - Liquidation News Today

Its bakers union to agree to mediation today before liquidation. the ceo of hostess says any deal to keep company alive would have to be cost effective. >> we saw 2 1/2 billion dollars worth of these products. thats lot of twinkies, wonder bread and you name it. its the cost structure. if you cant sell it to make a profit, then youre not in business. >> alisyn: you kind of need a profit. that much ive learned about business. 18,000 jobs are on the line there. hobby lobby lost its initial fight...

Jobs are saved. if another company buys the brand, they can absorb it into the existing infrastructure. the hope from the union and employees standpoint is someone will step in and pick up the whole operation so people can keep jobs. >> right now the judge is strongly encouraging parties to aagree to mediation tomorrow? >> yes. they want to set up a plan to shut down. theres no question hostess is going to shut down. how are they going to do it and deal with final issues, the liquidation of the ...

For crippling their business. the bakers union president pinned it on management, saying in a statement, our members decided that they were not going to agree to another round of outrageous wage and benefit cuts and give up their pension only to see yet another management team fail and wall street vulture capitalists restructuring specialists walk away with untold millions of dollars. analysts point to factors like higher costs for fuel, ingredients and strong competition. >> harris: i understan...

At a point, they were willing to force general motors to go into liquidation. they didnt invest that much, and to get this unbelievable, really i would call it, immoral return, they held up general motors, said if you dont pay us these extra costs then were not going to deliver the parts. without steering columns and brakes and other parts you cant build a car. >> that, of course, would have halted the automobile rescue and the progress we have seen today. so, in other words, it was after genera...

Said 3,000% to 4,000% return on their investment in delphi by holding up general motors and costing the government more money. >> all right. lets talk -- >> costing taxpayers more. >> lets talk about this extort and hold up general motors. now, delphi is critical to the automobile manufacturing business. they, of course, manufacture parts that go into automobiles with general motors that they just couldnt make the vehicles without delphis assistance. is that correct? >> right. if the parts dont ...

Liquidation. they didnt invest that much, and to get this unbelievable, really i would call it, immoral return, they held up general motors, said if you dont pay us these extra costs then were not going to deliver the parts. without steering columns and brakes and other parts you cant build a car. >> that, of course, would have halted the automobile rescue and the progress we have seen today. so, in other words, it was after general motors, the automobile industry, got this bailout money, or thi...

Available to sustain those companies. >> i think mitt romneys fudging what he actually wanted to do on the bailout. >> its also true that when he wrote that op-ed he was not calling for liquidation of the american auto industry which is what the obama campaign says on the stump thats what it was about. >> thats not true. that could have been the effect of the policy. >> their you need government capital to get them to manage bankruptcy, without any of that you would have ended up in liquidation....

Even imagine. i hear what the people say on the side of life and people say its liquidation, its like, its just ridiculous beyond ridiculous. >> mike: you talk about in your book. >> thank you. >> mike: a new york times best seller and two weeks already on the market, thats remarkable, but you talk about how that words really do have an impact not only on how we communicate, but how people perceive human beings. >> right. >> mike: explane how important it is to choose our words right. >> the bib...

Mandate penalty in states whether they adopted an exchange or not. we believe that is inconsistent with the affordable care act and amended our complaint to challenge the irs rule adopted may 18. >> shannon: talk about a case that both of your states are involved with and this has to do with the dodd frank legislation that was passed that deals with regulating wall street and other financial institutions. you are worryd that it would call for liquidation of certain entities. what is your concern...

>> steve: quarter after the top of the hour on this monday morning. the obama campaign trying to sell the presidents reelection bid on the premise that he, president obama, saved america from an economic disaster. >> the recovery act saved or created millions of jobs. >> general motors and chrysler were literally on the verge of liquidation. if the president didnt act, if he didnt act immediately, there wouldnt be any industry left to save. >> this is the president who saved the american auto in...