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Yes, believe it or not, people are actually paying upwards of $150 for 3-boxes of Twinkies online. Previously, these could be had for less than $5 on sale at supermarkets. This is all due to CEO Gregory F. Rayburn filing a motion with the U.S. Bankruptcy Court to close Hostess' business and sell its assets. Continue reading for the news report and more information.

Among the 33 bakeries and 565 distribution centers Hostess said it will close is a factory in Schiller Park, Ill., which neighbors Chicago O'Hare International Airport. The bakery was the birthplace of the Twinkie, created on April 6, 1939 by Continental Baking Co.'s James Dewar.

Dewar had tried different ways to use shortcake pans and first filled Twinkies with banana cream, according to the Chicago Sun-Times. During the Great Depression, two Twinkies were sold for a nickel. During World War II, when bananas became scarce, the filling was changed to vanilla, the Sun-Times said.

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This entry was posted on 11/17/2012 05:00am and is filed under Breaking News, Food, World News .
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