Judge OKs Hostess Sale Plans

Hostess Brands Inc. won permission to place its bakery and snack cake brands on the auction block as it continues selling off its business, piece by piece, in bankruptcy, reported Dow Jones. Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., Monday cleared the company to proceed with several of the sale processes it has been steadily unveiling over the past several weeks.