NEW YORK — The makers of Thomas' English muffins and Tastykake snacks are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight.

The Wall Street Journal said Hostess Brands could reveal as early as next week that Flowers Foods and Grupo Bimbo are in discussions to acquire the bread brands, which also include Nature's Pride. The report said the brands could command $350 million. Grupo Bimbo's brands include Arnold breads, Thomas' English muffins and Entenmann's cakes. Flowers Foods' brands include Nature's Own breads and Tastykake snacks.

Hostess sells Twinkies, Ding Dongs and Ho Hos, along with Dolly Madison cakes, which includes Coffee Cakes and Zingers. Hostess also sells Devil Dogs, Funny Bones, and Yodels under the Drake's brand.

Hostess, which is based in Irving, Texas, announced in November that it was shutting down its business and selling its bread, snacks and cakes brands along with its 33 bakeries and other operations.

ANCHORAGE, Alaska — A Shell oil-drilling ship that ran aground near a remote Alaska island has been refloatedRoyal Dutch Shell’s Kulluk was floated from the rocks late Sunday night and teams were assessing its condition. Once they’re satisfied that the vessel is seaworthy, it will be towed 30 miles to shelter in Kodiak Island’s Kiliuda Bay.