Hostess expects to announce bidder for snack cakes unit

NEW YORK — Hostess expects to unveil a bidder for Drake’s snack cakes this week, although the fate of Twinkies is still being negotiated. Drake’s cakes, which include Devil Dogs, Funny Bones and Yodels, are among the brands Hostess is selling after announcing in November that it was shutting down its business. Earlier this month, [...]