McDonald's is adding three new Quarter Pounders to its menu as the fast-food chain looks to offer cheaper premium burgers while capitalizing on one of its most popular brands. The company says the new burgers will replace its meatier and more expensive Angus Third Pounders. The Quarter Pounders will come in two of the same varieties as the Angus burgers — Bacon and Cheese and Deluxe. The third option will be Habanero Ranch. The new burgers will roll out nationally in mid-June. The new Quarter Pounder line will use a bun that has eight grams of whole grains, while the original Quarter Pounder will stay with its regular bun.
Dell board wants more offer details
Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell's $24.4 billion plan to take the computer maker private. Icahn and prominent Dell shareholder Southeastern Asset Management said last week they want to keep Dell Inc. publicly traded and give shareholders $12 in cash or more shares. But a Dell board special committee said in a Monday letter that it wants to know whether Icahn and Southeastern want the board to treat their offer as an acquisition proposal it might endorse or if it is an alternative in case shareholders reject Michael Dell's offer. They also want more information on financing.
Retail sales edge up
Americans increased their spending in April at retail businesses, buying more cars and clothes after cutting purchases sharply in March. The rebound suggests consumers may help boost growth again in the April-June quarter. Retail sales edged up 0.1 percent in April from March, the Commerce Department said Monday. That's an improvement from the 0.5 percent decline in March, which was the largest drop in nine months.
Business stockpiles flat
U.S. businesses left their stockpiles unchanged in March for a second straight month while their sales fell sharply. The Commerce Department said Monday that business stockpiles showed no increase in March on a seasonally adjusted basis. Businesses hadn't upped their restocking in February, either. Sales fell 1.1 percent in March, offsetting a 1 percent gain in February.