Rounds of heavy rain will begin to move into the area later tonight, leading to the increased potential for flooding. A Flood Watch is in effect for the entire area from now through Thursday and a Winter Storm Warning goes into effect tomorrow. As we head into Wednesday, temperatures will drop and transition our rain to sleet and eventually to snow. Most of the area could see several inches of snow and sleet before it's all said and done. Keep it locked right here for updates.
DETROIT (AP) - Twinkie lovers, relax.
The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.
Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.
The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it's asking the court for permission to sell assets and go out of business.
But with high brand recognition and $2.5 billion in annual revenue, other companies are interested in bidding for at least pieces of Hostess.