Event:
Hostess Brands reveals its plan to file for bankruptcy and liquidate its assets, claiming contract disputes from the bakery's union worker strike crippled its operations; about 18,500 workers will be laid off
More Notable Events on November 16:
1973 President Nixon authorizes construction of Alaskan pipeline
1973 Skylab 4 launched into Earth orbit
1965 Walt Disney launches Epcot Center: Experimental Prototype Community of Tomorrow
1933 Roosevelt establishes diplomatic relations with U.S.S.R.
1907 Oklahoma becomes 46th state
