Hostess winding down
A bankruptcy court judge yesterday approved a request by Hostess Brands Inc. to begin winding down its operations.
The ruling came after the maker of Twinkies, Ding Dongs and Wonder Bread failed in last-ditch negotiations to end a strike by its second-largest union.
Hostess now has the green light to terminate the jobs of its 18,000 workers without risking legal action, and to sell off its brands.
Zipcar shares zoom on financial report
Shares of Zipcar soared to a six-week high after Goldman Sachs Group raised its rating for the Cambridge car-sharing service.
The company's profit may rise more than investors expect because of "potentially higher operating margins in new and established markets" such as Boston, New York, San Francisco and Washington, the investment bank said.
Ban on gifts to docs weakened
The Massachusetts Public Health Council approved regulations to implement a law passed last summer allowing pharmaceutical and medical device companies to provide "modest" meals to doctors and other prescribers.
"It's unfortunate we have taken a step back on the gift ban passed in 2008," said Amy Whitcomb Slemmer, executive director of Health Care for All.
The council voted to increase the reporting requirements for meals outside medical settings, but it will be up to Public Health Commissioner Lauren Smith to decide exactly what must be reported.
Facebook may end voting on privacy
Facebook is proposing to end its practice of letting users vote on changes to its privacy policies. But the social network said it will continue to let users comment on proposed updates.
Today
L U.S. financial markets are closed for Thanksgiving.TOMORROW
L Retailers kick off the holiday shopping season with Black Friday sales.
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