Tag Archives: bankrupt

Hostess, makers of Twinkies and Ho Ho’s, to close


| brennison@queenscourier.com

Rumors of Twinkies indestructibility will soon be put to the test.

Hostess Brands announced that it will shut down production on all its products, including the well-known brands Wonder Bread, Drakes and Dolly Madison, and snack cakes Ding Dongs, Ho Ho’s and Twinkies.

Hostess said a strike by its largest union, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), crippled the company.  The brand was unprofitable under its current structure and when the company and BCTGM could not finalize a new deal, the brand said it was forced to shut down.

Bakery operations have been suspended at all plants, the company said.  Throughout the country 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlet stores will be closed and 18,500 workers will be laid off.  Delivery of the products will continue for the next several days, Hostess said.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said CEO Gregory F. Raybur

Peninsula Hospital to close permanently


| jlane@queenscourier.com

Peninsula Hospital to permanently shut down

Peninsula Hospital Center will permanently close, bringing to an end a chaotic chapter in its life marked by six months in bankruptcy and a failed rescue attempt by an investor that had no experience in running a hospital.

The state Department of Health shut down the laboratory of the Far Rockaway hospital on Feb, 23, an action that sealed Peninsula’s fate. With no revenue from patient admissions for the past month, Peninsula no longer has sufficient working capital to stay open. Its affiliated nursing home will not shut down.

Read more: http://www.crainsnewyork.com/article/20120326/HEALTH_CARE/120329909#ixzz1qFmOrWDD

This Morning’s Headlines


| jlane@queenscourier.com

Graphic by Jay Lane

Bust in 1980 Queens slay

An NYPD detective cracked a really cold case this week when fingerprints from an inmate were linked to the death of a Queens man in a home-invasion burglary 32 years ago. Ernest Mattison, 49, formerly of Flushing, was charged with murder in the Sept. 10, 1980, strangulation of Cecil Schiff, 73. Schiff, who fled Poland to escape the Holocaust, was found dead in his Franklin Avenue home, sitting in a chair and bleeding from the head. Read More: New York Post

 

‘Justice for Trayvon’

The parents of a Florida teen shot dead by a neighborhood watch captain vowed at a Union Square rally last night to seek justice for their son. “Trayvon Martin did matter . . . We are not going to stop until we get justice for Trayvon,” the teen’s father, Tracy Martin, told a crowd of 1,200. He described his 17-year-old son as “your typical teenager . . . Trayvon was not, and I repeat, was not a bad person.” He lashed out at George Zimmerman, the 28-year-old aspiring law officer who claims he killed Trayvon in self defense while patrolling his gated community. Read More: New York Post

 

Commissioner Kelly sees parents of slain teen

Police Commissioner Ray Kelly yesterday met for the first time with the parents of an unarmed teenage drug suspect who was fatally shot by a cop in the family’s Bronx apartment, The Post has learned. Franclot Graham, Constance Malcolm and their attorneys huddled with Kelly at One Police Plaza for about an hour, and then exited without comment. The sitdown came about seven weeks after their 18-year-old son, Ramarley Graham, was killed on Feb. 2 by Officer Richard Haste, who was assigned to a Street Narcotics Enforcement Unit. Read More: New York Post

 

No rest for this defense as Mike Woodson’s resurgent NY Knicks impress Philadelphia 76ers

The Sixers missed their first 14 shots, mainly because they had a hard time spotting the basket through the purposeful torsos and hands. These new Knicks frightened Doug Collins on Wednesday night with their sheer dynamism on defense, which is something he saw only from his own team earlier in the season. The Knicks trap now at halfcourt. They front the ball. They block shots and force turnovers. Read More: Daily News

 

Doctors-in-training stage mutiny at Peninsula Hospital 

Peninsula Hospital’s doctors-in-training are staging a mutiny as the troubled hospital’s vital signs continue to look grim following a state-mandated shutdown of its lab, the Daily News has learned. A coalition of furious medical residents are pushing their governing body, the American Osteopathic Association, to revoke Peninsula’s credentials as a teaching facility before the court-appointed overseer gives them all the axe, sources said Tuesday. Read More: Daily News

Man Charged With Molesting Girl In Manhattan Donut Shop

A man accused of touching an 11-year-old girl inside a Manhattan donut shop is now under arrest. Kerry Abrams, 54, is facing sex abuse charges. Surveillance video caught Abrams after the alleged incident on March 7 at the Dunkin Donuts on First Avenue at 21st Street. Read More: NY1

Panel For Educational Policy Approves 19 School Co-Locations

When it comes to sharing school buildings, and the space squeeze that often results, it is common for parents and teachers to be angry. But Wednesday night at a meeting in Chelsea, Manhattan, some parents were so upset they began to cry. Parents from P.S. 53 in East New York, Brooklyn begged the the Panel for Educational Policy not to vote to move their school to a new building. Read More: NY1

 

Queens Bank Robber Attacks Five Banks In Two Months

Authorities were searching Wednesday for a robber in Queens accused of stealing cash from three out of five banks he has attacked since last month. In the most recent incident last Thursday, police say the man in the above surveillance photo walked into a Chase Bank at 66-02 Grand Avenue in Maspeth and handed a note to the teller demanding cash. He took off with an undisclosed amount of money. Read More: NY1

Dr. Conrad Murray gets 4 years in jail for Michael Jackson death


| jlane@queenscourier.com

Graphic by Jay Lane

Comedian Patrice O’Neal Dead at 41

Comedian Patrice O’Neal died Tuesday morning … as a result of a stroke he suffered back in October…This according to his friends at the “Opie and Anthony” radio show. O’Neal had been a staple in the comedy world for years — and performed at the “Comedy Central Roast of Charlie Sheen” back in September. O’Neal was a regular guest on the “Opie and Anthony” radio show – and appeared on several TV shows such as “Chappelle Show,” “The Office,” and “Tough Crowd with Colin Quinn.” Opie just tweeted, “Yes it’s true that our pal Patrice O’Neal has passed away. The funniest and best thinker I’ve ever known PERIOD.” Read More: TMZ

American Airlines Has Normal Flights After Parent Company Files For Bankruptcy

American Airlines says its normal flight schedule will go on after filing for bankruptcy protection. AMR, the struggling carrier’s parent company, filed for Chapter 11 protection today. It also replaced American Airlines CEO Gerard Arpey with the company’s president, Thomas Horton. The airline says the move will help cut debt caused by high-jet fuel prices and labor problems. Travelers should not be affected for now, but the reorganization could lead to a reduced flight schedule and job cuts. American is the the third largest airline in the country and is the first major airline to file for bankruptcy since Delta in 2005. Read More: NY1

City might close Cypress Hills Collegiate Prep

Less than six years after opening its doors, a small school opened by Mayor Michael Bloomberg’s administration might be on its way to closure. Cypress Hills Collegiate Prep (CHCP), which shares space in the Franklin K. Lane building with three other schools on Jamaica Avenue in Brooklyn, received some bad news along with a “D” on its annual progress report – the city might move to close the school after only two graduating classes. Read More: Queens Courier

Iranian protesters storm British embassy

Dozens of hardline student protesters stormed the British Embassy and another British compound in Tehran Tuesday, destroying papers, reportedly setting the Union Jack flag afire and even carrying off a portrait of the Queen while staff fled to safety. Read More: New York Post

Richmond Hill family convicted of defrauding innocent victims

Three members of a Richmond Hill family have been convicted of defrauding 19 individuals, mostly members of the borough’s West Indies community, out of more than $1.8 million over a nearly six-year period by promising to assist them in obtaining “federally seized” properties in Florida and Queens at cheap prices or to assist them in gaining legal status in this country. Read More: Queens Courier

Dr. Conrad Murray gets 4 years in jail for Michael Jackson death
The disgraced doctor whose “medicine madness” killed Michael Jackson was sentenced to the maximum term of four years behind bars and a tongue-lashing Tuesday. Dr. Conrad Murray, 58, was branded a callous, reckless liar who violated his Hippocratic oath and left the King of Pop to die alone in his own bed by the judge. Read More: Daily News

Queens home sales & property values keep sliding at faster rate than rest of city
Queens homeowners are feeling the pain of the housing slump. The volume of home sales in the borough fell by 9% in the third quarter, compared with the same period last year, according to a report from NYU’s Furman Center for Real Estate and Urban Policy. The decline exceeded the drop in home sales citywide, which measured 4%. Queens also stood out when it came to declining property values. Prices in the borough have depreciated 30% from their peak levels, which were reached in the fourth quarter of 2006. Read More: Daily News

War of words between Flushing Councilman and Police Department

Antoinette Carona buried her only son on what would have been his 22nd birthday earlier this month. Carona has lived in a self-described “hell” as she waits for the killer of her son, Alex Botero, to be caught. Botero was shot execution style in an elevator of the James A. Bland Houses in Flushing on Halloween night. More than 40 residents of the Bland Houses and nearby Latimer Gardens attended a community meeting on Nov. 15 to express their concerns over safety in the area. But there was one very important element missing: The police. Not a single representative from the 109th Precinct attended, City Councilman Peter Koo said, sparking a war of words between the lawmaker and NYPD. Read More: Daily News

Civic group starts new push to get historic Forest Park Carousel landmark status 

Concerned about the fate of the Forest Park Carousel, which has been shuttered since 2008, civic leaders have launched a new effort to win the historic amusement landmark status. The city has been unable to find an operator for the hand-carved wooden carousel, crafted by Daniel Carl Muller more than 100 years ago. Read More: Daily News