Taco Bell is trying to re-establish its "value" chops with America's fast feeders with a new "$1 Cravings Menu" that re-tethers the brand to the magical single-greenback pricepoint; it's being tested now in Kansas City and Sacramento, and a national rollout this summer is in the cards.

The brand also promises more limited-time offerings such as the 99-cent Beefy Crunch Burrito that it is bringing back on May 23.

Taco Bell marketers believe the chain is getting squeezed out of consumers' minds by all the added buzz in the QSR industry these days about new "value-menu" plays by McDonald's and other giants, as the entire business struggles to get the cash-strapped American consumer back in an eating-out mood.

"There's been a lot of press on a lot of brands choosing to bring out value menus," Brian Niccol, Taco Bell's chief markerting and innovation officer, said on a conference call with reporters Thursday. "We think about that completely differently: Shame on us if what we have to do is create a 'value menu,' because at Taco Bell, in the end, the whole menu is 'value.'"Continue reading...

Apple sells largest corporate-bond offer in history.

Monster sues to halt effort to curb energy drinks.

Twitter opens up self-serve ad platform to all businesses.

Chrysler Group auto sales rose 11 percent in April; Ram truck sales were up 49 percent.

Coda Holdings electric-vehicle maker files for bankruptcy.

College Football Playoff unveils new (and quite boring) logo. 

Domino's results ride pan pizza wave.

Fisker Automotive fell apart because it sought too much, too fast.

Ford says sales of Lincoln MKZ have shaken off supply and launch problems.Continue reading...

Dirce Navarro de Camargo, Brazil's richest woman and owner of Havaianas, dies at 100.

Apple faces criticism over Siri's long memory as market expects it to report profit drop.

Nutrisystem joins forces with Walmart in retail push.

Amazon asks viewers for help in selecting which pilots to turn into original TV series.

Ahold donates a half-million dollars to Boston fund.

Boeing will see timeline of Dreamliner return to skies vary widely around globe.

Chipotle sees expansion of US investigation into its hiring.

Clorox aims to expand market for Green Works beyond niche.

Coach fights to keep its cachet as competition rises.

Comedy Central plans to use Twitter to host comedy festival.Continue reading...

AB InBev Finally Making Deal With US Over Modelo

Anheuser-Busch InBev NV, which controls close to 19 percent of the globe’s beer market, has been trying to buy Mexico’s Grupo Modelo SAB, which owns close to 3 percent of the world’s beer market, for months now, only held up by the pesky US government, which thought the merger could mean too much power for AB InBev. 

The two sides have been talking since at least February about how a deal might be structured so that everybody gets what they want. And now, just days before the two sides were requested to report to a US District Judge, the word on the street is that they have come to an agreement, Bloomberg.com reports.

In order to have this merger occur, Modelo will have to “sell control of all its brands in the US, as well as a brewery it built in Piedras Negras, Mexico, to Constellation Brands (STZ), a winemaker and drink-distribution company,” Bloomberg reports. As part of the new agreement, InBev “gave up an option to buy back a stake in Crown Imports LLC, the US distributor of Corona and the other Modelo brands.” Crown will end up being owned by Constellation.Continue reading...

IBM may sell part of its server unit to Lenovo, misses estimates for first time since 2005 and struggles to deal with mobile computing shift.

AB InBev reportedly strikes deal with US on Modelo acquisition, as Busch heir resigns from NRA in wake of gun control bill's defeat in US Senate.

Dell sees Blackstone end its pursuit.

Adidas brings out "Boston Stands As One" t-shirt as CVS Caremark pledges to raise money for bombing victims, along with JetBlue and other companies.

Al Jazeera pushes back U.S. launch date.

Amazon may be unveiling mobile payments solution according to patent filing. 

The Atlantic magazine plans to launch paid digital content.

Avis taps celebrities to target "professionals" in new ad campaign.

BBC America and Twitter announce content-sharing partnership.

Boeing may see FAA clearance for Dreamliner as early as today.Continue reading...

Charlie Ergen's Dish Network offers to buy Sprint for $25.5 billion in a bid to one up SoftBank.

ConAgra, Heinz and Nestle lead frozen food battle to reverse negative image.

Nike seeks to regain its edge with fewer ads following Tiger Woods stumble.

Dannon uses Greek-style to leapfrog Yoplait to top of U.S. yogurt business.

Apple clearly enters post-Jobs era.

Justin Bieber sparks controversy with Anne Frank comment.

Boeing sees new inspection order on its 737s.Continue reading...

A sarcastic joke about diarrhea might be one of the first things one would think upon seeing the Twitter hashtag #thankschipotle. 

But no, #thankschipotle was a reaction to the food chain's decision to drop sponsorship of a Utah Boy Scout event due to the organizations stand against gay equality. It seems Chipotle's newest offering is a jumbo sized social conscience, a menu item many are finding deliciously timely. The move also has some lessons for other brands as remaining neutral on gay rights increasingly becomes a non option.

It's true that Chipotle did not exactly come up with this cancelation on its own but instead was more or less shamed into action by progressive activists at Think Progress. On March 19, Think Progress called out Chipotle for violating its own nondiscrimination policy. A day later, Chipotle's desire to stomach a potential backlash led by activists diminished significantly. It announced that it would terminate its sponsorship. It emailed Think Progress, saying, in part, that the brand "believed that terminating the sponsorship and remaining consistent with our policy was the right thing to do."Continue reading...

Adobe confirms its CTO Kevin Lynch has left the company for a job at Apple. 

Chipotle is risking its brand by venturing into the public debate about gay rights, LGBT community says #ThanksChipotle.

NBC to NYT: Jimmy Fallon is expected to succeed Jay Leno on the "Tonight Show" by fall 2014 as NBC struggles with weak ratings.

Aeropostale targets millenials with new in-store #tech. 

Aldi and Whole Foods to boycott genetically modified salmon.

Apple's plan for augmented reality amidst another lawsuit on patent infringement.

Barclays announces massive bonuses on UK budget day.

BlackBerry denies report that BB10 failed UK government security test. 

Global airline profits are flying high.

Harvard researchers have linked sugary drinks to 180,000 deaths a year worldwide.Continue reading...