Kraft recalls Mac & Cheese over metal bits
Kraft Foods is recalling about 6.5 million boxes of original flavor Kraft Macaroni & Cheese because some of the boxes contain small pieces of metal. The boxes have "best when used by" dates ranging from Sept. 18, 2015, through Oct. 11, 2015, and are marked with the code "C2." They were sold throughout the U.S., Puerto Rico, and in some countries in the Caribbean and South America. The recall covers 7.25-ounce boxes that were sold individually and in packs of three, four and five. It covers 242,000 cases of the product. Kraft Foods Group Inc. said it is aware of eight incidents of consumers finding metal in the boxes but hasn't been informed of any injuries. It said consumers shouldn't eat the macaroni and should return it to the store where it was purchased for a full refund.
New Ford GT will be automaker's priciest
The Ford GT supercar will be Ford Motor Co.'s priciest vehicle ever when it goes on sale next year. Ford hasn't announced the price, but says it will be comparable to the Lamborghini Aventador, which costs around $400,000. Ford revealed the 600-horsepower, carbon-fiber GT in January at the Detroit auto show. A spokesman says the company plans to make 250 GTs per year after the car goes on sale in the second half of 2016. The GT will sit atop Ford's new performance division, which includes the F-150 Raptor pickup and souped-up versions of the Mustang, Focus and Fiesta. The company plans to introduce 12 high-performance vehicles by 2020.
Microsoft Band to be sold at Target, Best Buy
The Microsoft Band, which has adorned the wrists of company executives and celebrity spokespeople but been regularly unavailable to the wider public, is set for a broader release. The health-tracking device will be available at Best Buy, Target and Amazon.com, the company said. More frequent shipments are bound for Microsoft's own stores, too. Since its October launch, the Band has been sold exclusively at Microsoft's retail stores and website, but availability has been patchy. The devices have regularly been listed as sold out online, with availability varying by location in Microsoft's brick-and-mortar stores. A visit to Microsoft's website late Monday revealed the devices were out of stock in all sizes. On Tuesday, the Band was available, with an estimated shipping date listed as April 1.
Macerich rejects hostile bid from Simon
Mall operator Macerich has rejected a $16 billion hostile bid from competitor Simon Property Group and adopted a "poison pill" defense to defend against a takeover. Simon Property Group Inc., already the nation's largest mall operator, went hostile earlier this month after saying that Macerich refused to negotiate a deal that would combine two of the largest U.S. mall operators. Indianapolis-based Simon offered $91 per share in cash and stock for each Macerich share. The offer is valued at about $22.4 billion, counting Macerich debt. Macerich said Tuesday that Simon's offer significantly undervalues the company and isn't in the best interests of its shareholders. The company also said that it has concerns about Simon's plan to sell some of its assets to fellow mall operator General Growth Properties Inc.
Jobless rates rose in 8 states in January
Unemployment rates fell in 24 states in January and rose in just eight, the latest evidence that hiring is strong across the country. The Labor Department said that jobless rates were unchanged from December in 18 states and in Washington, D.C. North Dakota has the nation's lowest jobless rate, 2.8 percent, a sign that falling oil prices had yet to cause major layoffs in a state that has benefited from an energy boom. Mississippi and Nevada each had the highest unemployment rate, 7.1 percent. Employers added jobs in 39 states and reduced them in 10 and in Washington, D.C. California gained 67,300 jobs in January, Ohio rose 25,100 and Michigan added 24,200. Virginia lost 10,900, Minnesota 7,900 and Louisiana 7,500.