Twinkies Cannot Die: Hostess Bosses, Union in Mediation Talks

After a strike by its union, bankrupt Hostess Brands announced last week it would go out of business. Boxes of Twinkies are now up for sale on Craigslist and eBay for thousands of dollars apiece. But yesterday, a judge asked both sides to try mediation. Four thousand people have signed a petition asking President Obama to nationalize Twinkies to "prevent our nation from losing our creamy center," but for 18,000 workers, the demise of the bakery is no joke -- and potential buyers of some of America's best known names are circling. Tiffany Tsu is business reporter for the Los Angeles Times.