Wednesday, January 11, 2012

1. GOP race moves south after Romney wins New Hampshire.
Former Massachusetts Gov. Mitt Romney won a convincing victory in the New Hampshire primary, the second straight triumph for Romney and one that bolsters his front-runner status to take on President Barack Obama in November. All six Republican contenders head to South Carolina on Wednesday ahead of the next primary. With 95% of precincts reporting, Romney received 40% of the vote in Tuesday's balloting. Texas Rep. Ron Paul received 23% and former Utah Gov. and U.S. Ambassador Jon Huntsman garnered 17%.
2. Journalist killed in a restive Syrian city.
A French journalist died Wednesday in a mortar strike on a pro-government rally in Homs, the Syrian city that has become the symbol of grass-roots resistance against President Bashar al-Assad's regime. The violence comes as international journalists and Arab League monitors viewed the tumult rippling across restive cities. A journalist who witnessed the incident told CNN that a civilian also died in the strike. A Dutch journalist and nine civilians were injured. The dead journalist is Gilles Jacquier of the France 2 TV network, the network confirmed. There are different casualty figures filtering out of Homs. France 2 also said seven people died in the same place.
3. Twinkies will keep coming despite bankruptcy.
The company, based in Irving, Texas, filed for Chapter 11 protection in U.S. Bankruptcy Court in New York. But Halvorson said the company does not plan to lay off any of its employees or close any plants. So the CupCakes and Sno Balls will keep on coming. The company has about 19,000 full-time and part-time employees, including 10,413 hourly workers and 8,436 salaried workers, according to a court filing. About 83% of the employees are union members. The company said that it pays about $63.2 million to its employees per pay period, and that it currently owes them $21 million for services rendered. In its bankruptcy filing, the privately held company said that it owes more than $1 billion to creditors. The debt is spread out among a vast number of creditors - between 50,000 and 100,000, the company said.

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