Sad news in the world of snack foods – Hostess has announced they are ceasing production, a move that means the closure of 33 factories and the loss of about 18,500 jobs after struggling to keep up with rising labor costs and the changing tastes of consumers.
But it's just the latest financial trouble for a company that was, at one time, the largest wholesale bakery in the U.S. Founded in 1930 as Interstate Bakeries, it originally sold loaves of bread to grocery stores. And while they currently produce everything from Ding Dongs to Wonder Bread, their most famous product is unquestionably the Twinkie. FULL POST
Our fifth story OutFront – the Benghazi hearing
Former CIA Director David Petraeus told Congress today that he knew immediately the deadly assault on the U.S. consulate in Benghazi on September 11th that left four Americans dead was the work of Al-Qaeda linked or inspired militants.
According to Congressman Peter King, who was present for the hearing, Petraeus' testimony today differed from what Obama administration officials told the American people about intelligence assessments in the days following the incident. FULL POST
Our fourth story Outfront – fears of an all-out war.
As fighting between Israel and Hamas intensifies, Israeli defense forces are accusing the terrorist group of turning Gaza into a "frontal base" for Iran.
This raises a legitimate question – could the real target of the Israeli offensive actually be Iran? Outfront tonight is CNN's Fareed Zakaria with his perspective.
Our Second story OutFront: a fiscal cliffhanger.
For the first time since his re-election, President Obama met with top Congressional leaders today, and afterwards both sides used rosy language to describe their meeting on how to avoid the cliff.
Words like "confident" and "constructive" were tossed around. But will it amount to a deal? Outfront tonight is CNN's White House Correspondent Brianna Keilar.
Our third story OutFront – rebuilding the Republican Party.
Following some big election day losses, the question remains – what exactly is the Republican Party of the future?
Former Secretary of Commerce Carlos Gutierrez – who led Romney's outreach to Hispanic voters – has some thoughts and spoke to CNN's Candy Crowley today in an interview set to air Sunday on "State of the Union". FULL POST
Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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