Kickstart is Dew for breakfast
If you don't like coffee or tea, Mountain Dew has a new breakfast drink that might perk you up. PepsiCo Inc. is rolling out a new drink called Kickstart this month that has Mountain Dew flavor but is made with 5 percent juice and Vitamins B and C, along with an extra jolt of caffeine. PepsiCo said it doesn't consider Kickstart to be an energy drink, noting that it has far less caffeine than drinks like Monster and Red Bull and none of the mysterious ingredients that have raised concerns.
Dell says it considered other options
Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal. Dell Inc. laid out the advantages of the transaction in a regulatory filing Monday, three days after a major shareholder — Southeastern Asset Management CEO O. Mason Hawkins — ridiculed the buyout as a rotten deal that undervalues the business.
Auctions OK'd for Hostess brands
Hostess Brands Inc. won bankruptcy court approval Monday to hold auctions for brands including Wonder bread and Twinkies. U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., approved Flowers Foods Inc., McKee Foods Corp., United States Bakery Inc., Apollo Global Management LLC and C. Dean Metropoulos & Co. as the so-called stalking-horse, or lead, bidders for most of Hostess' cake and bread brands, setting the thresholds other suitors will have to exceed. A sale hearing is set for March 19.
Record farm profits are forecast
U.S. farm profits this year may rise 14 percent to a record $128.2 billion from 2012 as crop-insurance payments reach an all-time high and inventories are replenished, the U.S. Department of Agriculture said. Income will be 8.7 percent higher than the previous record $117.9 billion set in 2011, the USDA said Monday in its first profit forecast for 2013. Revenue from crops bought by Cargill Inc. or Archer-Daniels-Midland Co. will decline 1.5 percent to $216.3 billion, the USDA said, and livestock sales will be $176.5 billion as cattle herds fall to a 61-year low. The value of crop inventories will rise as farmers rebuild stocks depleted from the drought, according to the report.
— From wire reports