January 14, 2011 |
Tasty Baking has until 2 p.m. Friday to either make a loan payment that was due Jan. 1 or reach a deal with its banks, giving the beleaguered maker of Tastykakes more financial breathing room. The company had no comment Thursday. Neither did the lead bank, Citizens Bank of Pennsylvania. One possibility Friday, industry observers said, is that the banks will grant a 30-day extension of the forbearance agreement disclosed last week, when Tasty said it was in a liquidity squeeze because of production problems at its new $78 million bakery at the Philadelphia Navy Yard.
January 6, 2011 |
YEARS FROM NOW, I will remember where I was when I heard yesterday's shocking news. I was sitting right here at the Daily News when I learned that Tastykake, financially teetering after a brutal fourth quarter, announced that it may have to merge with another company or - gasp! - sell itself. Merge this Philadelphia icon with some out-of-town pretender pushing snacks like Drakes or, Lord help us, Little Debbie? Gag me with a cupcake. Or sell it? Hell, as long as we're peddling our local treasures, why don't we put the Liberty Bell on Craigslist?
October 29, 2009 |
At the Franklin Institute - make that the Phranklin Institute - administrators found a unique way to honor the Phillies: They've put one of Jayson Werth's game-used bats in the hands of the plastinated, baseball-playing specimen in the "Body Worlds 2 and the Brain" exhibit. Which gives a whole new meaning to "the dead-ball era. " "Body Worlds" is the controversial show that displays real corpses, their skin removed to show internal organs. Wear Phillies garb on World Series game days and get $2 off the admission fee. P as in 'pretzel' or 'Phils'?
May 25, 2009 |
Charles P. Pizzi is a quintessential "Philly guy. " He grew up in Overbrook. He delivered the Bulletin. He learned his ABCs from the nuns at Our Lady of Lourdes elementary school, went on to Overbrook High and the University of Pennsylvania. He cut his teeth in city government, where he served as, among other posts, director of commerce. For 13 years, he led the Greater Philadelphia Chamber of Commerce before becoming, in 2002, president and chief executive officer of the Tasty Baking Co., a quintessential Philadelphia company.
May 23, 2006 |
A judge dismissed charges yesterday against one of two males accused in the March shooting and robbery of a Tastykake delivery driver. In a preliminary hearing, Municipal Court Judge Marsha Neifield threw out charges against Philip Smith, 33, after Smith's attorney, Daniel-Paul Alva, argued that Smith did not fit a description given by Kyle Winkfield, 20. Alva said that Smith was 5 feet, 7 inches tall and that Winkfield described his attacker...
March 18, 2006 |
A $20,000 reward is being offered for information leading to the arrest of two suspects believed to have shot a Tastykake delivery driver before snatching his wallet, police said. Kyle Winkfield, 20, was shot once in the chest Thursday afternoon in West Philadelphia and was in critical condition yesterday at the Hospital of the University of Pennsylvania, police said. Winkfield was attempting to deliver goods to a store in the 6100 block of Vine Street, police said. About 2:45 p.m., police found him on the sidewalk, wounded in the upper-right chest, police said.
February 16, 2006 |
The folks who make Tastykakes have something new for a stressed-out world confused by conflicting advice about diet and health: Butterscotch Krimpets with twice as much icing and 90 more calories. Peanut Butter Kandy Kakes with twice as much peanut butter and 70 more calories. The new version of the Krimpet is the first since the flagship product and Philadelphia staple was introduced in 1926. And the Kandy Kake has not been changed since its introduction in 1935. Fans of the originals need not panic; they will not be going away.
August 2, 2005 |
For Shanice Johnson, 17, it's a place to help her prepare for college. And for Emma Henderson, 70, it's a place to buy her favorite Tastykake goodies at discount prices. For their North Philadelphia community, it's a sweet deal to have the new Tastykake Thrift Outlet Store at a former bank in the 2200 block of Venango Street. The store, which opened yesterday morning with a ribbon-cutting ceremony, features shelves stacked high with boxes of Tastykake delights, such as Butterscotch Krimpets, Kandy Kakes, and chocolate cupcakes.
May 19, 2005 |
I'm 47. My life is probably about halfway over, and I no longer feel like everything is possible. Yet there are wonderful things about being middle-aged, namely the knowledge that what I like doesn't define me and that I have the license to be hypocritical. I recently went to the farmers market and bought a container of black bean tofu - and an oversized, over-iced chocolate cupcake. That was my lunch. I enjoyed my main course and dessert equally. The innate blandness of the tofu made way for the richness of the cupcake's vanilla icing.
February 25, 2005
WE HAVE a name for the idea of selling naming rights to the Pennsylvania Convention Center. And it's not a very nice one. Earlier this week, Mayor Street floated the idea as a way to make up the shortfall of arts-and-culture funding. He suggested that maybe as much as $5 million a year for the arts could be generated from selling the naming rights to a corporation. Our first instinct on hearing this was to think of all the funny, ironic or cutting names that we could come up with.