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Detailed text transcripts for TV channel - MSNBC - 20121116:15:39:00

What is moving your money. that announcement was made just a few hours ago. not only are we talking about the end of some icon ik baked goods but also thousands of jobs here. absolutely. it is really sad. they ve got almost 18,500 workers and, richard, most of them are going to be laid off. hostess asked a court s permission this morning to shut down the company because that workers strike i was talking to you about yesterday just basically crippled it and stopped them from being able to operate. bakery operations have been suspended at all plants and now it s focused on selling its assets. that includes 33 bakeries, 565 distribution centers, but as to what happens to those assets the ceo told cnbc that he is hopeful they can sell those brands or the brands can live on because obviously these are iconic and have been in many americans homes for decades. i can t even tell you how many ding dongs and twinkies i ve eaten over my lifetime and i better not. thank you so much. cnbc s ma ....

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