Hostess bye

Hostess won Bankruptcy Court approval to sell more than $800 million in assets to Flowers Foods, Grupo Bimbo, Apollo Global Management and C. Dean Metropoulos. The sales include Twinkies and other snack-cake brands and its Wonder Bread brand.

Apple hire

Apple hired Adobe Systems Chief Technology Officer Kevin Lynch as vice president for technology.

ICE move

IntercontinentalExchange amended its deal to acquire NYSE Euronext to include a new holding company that will run the New York Stock Exchange and ICE’s existing commodity markets as subsidiaries.

Gray area

The Supreme Court ruled that publishers and manufacturers can’t block imports of copyrighted items made and sold abroad, bolstering the multibillion-dollar “gray market” in a victory for eBay and discounters.

Freddie suit

Freddie Mac sued Bank of America, UBS, JPMorgan Chase and a dozen other banks in federal court in Virginia over alleged manipulation of the London interbank offered rate.