Grupo Bimbo

(Newser) - Looks like Twinkies have a new owner—and if all goes according to plan, the classic snack could be back in stores within months. Hostess has canceled today's auction for its brands and facilities and will sell them to Apollo Global Management and Metropoulos & Co., investment firms that...

(Newser) - It looks like America's retailers can't resist a Twinkie. About two dozen companies intend to bid to buy either all of Hostess or just some of its individual brands, sources tell Bloomberg . Among the biggest names in the mix: Walmart. That deal would make some amount of sense,...