Hostess brands coming back

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by Jane King / Bloomberg

Bloomberg Business Report

Posted on April 24, 2013 at 6:10 AM

Updated Wednesday, Apr 24 at 7:16 AM

If you're looking for a job, you might try the construction industry. Homebuilding consulting group Metro Study says the labor shortage in the homebuilding is so acute in some parts of the country, it may take years to rebuild the labor force needed to meet demand.

Listen up Twinkie lovers. Your favorite snack could be back on store shelves by the summer. Under new ownership after last year's bankruptcy, Hostess brands plans to relaunch its Georgia bakery. The facility will manufacture Twinkies, Cup Cakes, HoHos and Ding Dongs.

After hackers compromised Twitter accounts of the Associated Press, and sent out false tweets about an explosion at the White House injuring President Obama, stocks recovered and closed higher as people quickly realized the tweets were fake. Traders tell Bloomberg that humans knew better, but computers generated immediate sell orders.

Apple isn't hinting at new products this summer, but the iPhone and iPad maker  says new products are in the works for later this year and through 2014. Apple is also announcing a massive stock buyback and multi-billion dollar dividend payouts.

Starting May 18, Walmart will be selling tickets for special advance screenings of the new Superman movie "Man of Steel." The sneak previews will take place June 13, the night before the official release. Walmart says it's the first time in entertainment history a studio is partnering like this with a retailer. 

 

 

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