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The big name in the Hostess lineup.
The big name in the Hostess lineup. Scott Olson/Getty Images
"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."
That's the "alert" this hour at CNBC.com.
Reuters has issued this "bulletin":
"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."
And according to The Associated Press:
"Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week."
This follows Friday's big news, of course: "No More Twinkies? Hostess Brands Is Shutting Down."
We'll watch for more developments.