Retirement

Hostess Brands Inc. says it's going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs and other snacks.

Patrick Bannigan succeeds COO Barry Fink, who will retire in 2013.

Mutual fund shareholders aren't budging from their recently conservative approach to investing, despite this year's stock market gains. Cash was pulled from stock funds for the eighth month in a row in October, while bond funds attracted cash for the 14th consecutive month.

A proposed shareholder resolution filed on behalf of a group of Benedictine nuns and a union pension fund asks Citigroup's board to consider separating one or more of the bank's business units from the parent company.

Among Americans who say they'd like to retire, 32 percent say they're unsure if they can, according to a new Pentegra Retirement Services survey.

Boeing Co. is studying different ways to account for pension expenses, which reduced the aerospace company's third-quarter earnings.