The Last Ring Ding

Everybody was all upset about the passing of Twinkies when the Hostess baking company went belly-up late last year. But who will mourn the Drake’s Ring Ding? I will. Everyone knows Twinkies will return after the bankruptcy proceedings are through. But no one is betting on anyone resurrecting the Ring Ding (Or Ding Dong, or King Don-aliases by which Ring Dings were sold over the years). I made my final box of Ring Dings last as long as I could, …

Retirement Planning Gets Tough for Some Workers

As if retirement planning wasn’t challenging enough, employees of at least two big companies are facing difficult news this holiday season. Workers at Hostess are wondering how they’ll make do without the full pensions they’d counted on in retirement since the company underfunded its employees’ pension plan by at least $55 million. (Some reports put that amount as high as $2 billion.) The makers of Twinkies used that money to keep the business operating. But after a labor dispute, Hostess announced …