Crispy beef tacos from Taco Bell Corp. are arranged for a photograph in San Francisco, Calif. on March 13, 2013 (© David Paul Morris/Bloomberg via Getty Images)
Yum's aim: Double Taco Bell sales

The fast-food chain's parent wants it to cook up revenues of $14 billion by 2021. Some analysts think that's doable.

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State lawmakers approved some of the toughest gun control measures in the country, and gun enthusiasts are responding by going shopping.

By Kim Peterson Apr 3, 2013 3:32PM
Updated 8:05 p.m. ET

Gun control votes and packed gun stores are pretty predictable pairings these days. Nowhere was that more evident this week than in Connecticut, where state lawmakers approved a sweeping bill Wednesday.

One gun store told NBC News that business jumped five-fold ahead of the vote. One shopper said people were snapping up "anything semi-automatic." 
Tags: SWHC

Strong results for March were helped in part by a recovering housing industry and its need for new trucks.

By Bruce Kennedy Apr 3, 2013 3:05PM

Chevy trucks line the lot of a dealer in Murrysville, Pa. on January 9, 2013 (© Gene J. Puskar/AP Photo)The auto industry would love more months like March. It was the best month for auto sales in the U.S. since 2007 -- thanks in part to a pickup in the sale of pickup trucks. General Motors (GM), Ford (F) and Chrysler sold nearly 155,000 pickups in the month, a jump of 14% from March 2012, the Associated Press reported.


The New York Times quoted industry statistics that say overall, 1.45 million vehicles were sold in March, a 3.4% rise over the same time last year.


"Even though consumer confidence has been up and down this year, there are 'wealth effects' that are making Americans feel comfortable finally buying new cars they've been waiting for," Lacey Plache, an economist with Edmunds.com, told the newspaper.


Sales were good for all of the Detroit Three carmakers.

 

Cheap, no-frills insurance that doesn't cover medication, maternity or mental health services will get the scalpel in 2014.

By Jason Notte Apr 3, 2013 2:54PM

Medical doctor (copyright Sean Justice/Corbis)Know that health care plan you just signed up for? Don't get too attached.

 

The Affordable Care Act mandate most commonly known as Obamacare has some tight stipulations that, CNN says, are forcing health care companies to rip up most of their current plans and draft new ones that comply. According to a University of Chicago study, just about half of the individual health care plans currently on the market won't cut it once key provisions of the Affordable Care Act kick in next year.

 

A handful of existing plans will be grandfathered in if members have been enrolled in the plan since before the ACA passed in 2010, and the plan has maintained steady co-pay, deductible and coverage rates. But plans that don't match that description are just going to flat-out disappear in 2014 when rules requiring enhanced coverage go into effect.

 

People are pouring money into the digital currency, perhaps seeking a new place to store their cash as confidence in the euro fades. Is this the currency of the future?

By Kim Peterson Apr 3, 2013 2:12PM
Credit: luismmolina/E+/Getty Images
Caption: BitcoinsBitcoin, an alternative currency that doesn't exist physically, has become the talk of the financial world recently as people lose faith in the euro and other traditional currencies.

The idea of Bitcoin is tough to grasp. Bloomberg Businessweek calls it an "anarchist crypto-currency." Essentially, Bitcoins are virtual money you can use to buy things online.

You can create a Bitcoin by "mining" it online. It takes some fairly advanced algorithmic computations on your computer to do it, so most people don't get Bitcoins that way anymore. It's much easier to buy them on sites like Mt.Gox.

You can spend Bitcoins on sites like PizzaForCoins, which will take your Bitcoin payment and then place your pizza order with Domino's Pizza (DPZ) or Yum Brands' (YUM) Pizza Hut. A large, hand-tossed pizza from Pizza Hut costs about 0.1227 Bitcoins. 
Tags: DPZYUM

Two new models are said to be on the way, but the early word is they're not packing anything extraordinary that will get fans frenzied.

By Jonathan Berr Apr 3, 2013 2:08PM
Apple iPhoneApple (AAPL) has two new iPhones set to debut this year as it tries to win back lost ground from Google's (GOOG) Android operating system.

According to The Wall Street Journal, production on one of the iPhones is set to start in the second quarter, leaving open the possibility of a summer launch. It's being described as a "refreshed" iPhone similar in size and shape to existing models. Apple also is trying to build a cheaper, smaller iPhone that may be launched in the second half, according to the newspaper.

For Apple investors, who have seen their shares tumble almost 19% this year, these devices don't sound like anything to get excited about. If they have some feature that would knock the socks off the Apple fan base, someone at the Cupertino, Calif., company would have made sure The Journal knew about it.  

An April Fool's prank goes awry for consumer-products giant P&G. 'I really wanted a sample,' one customer writes.

By Aimee Picchi Apr 3, 2013 1:09PM

Screenshot from Procter & Gamble's April Fool's Scope Bacon Mouthwash webpage (© Procter & Gamble)Some Americans take their bacon very seriously. 


That's a lesson Procter & Gamble (PG) learned the hard way after an April Fool's prank went awry. The gist of the joke was that the consumer-products giant was planning a new product called "Scope Bacon," a mouthwash boasting smoked-meat flavor.


On its Facebook page, Scope even included mock-ups of an advertising campaign, including taglines such as "Taste breakfast while washing it away" and "Indulge your meat tooth."


But Procter & Gamble made two big missteps with its gag. 


First, it started the joke on March 28, not exactly the most obvious day for an April Fool's Day prank, given that the tradition is, well, always observed on April 1. 

 

The agency does an about-face after taking Netflix to task for using social media to release important news. But the 'rules' are murky.

By Jonathan Berr Apr 3, 2013 12:23PM
Smartphone displaying Twitter logo (© Soeren Stache/dpa/Corbis)When Netflix  (NFLX) CEO Reed Hastings took to Facebook (FB) last year to brag that users had viewed 1 billion hours in a single month for the first time, the Securities and Exchange Commission warned the Los Gatos, Calif., company that it might have violated information disclosure rules. The SEC, though, has had a change of heart.

As The New York Times and other media outlets have noted, the agency has decided to allow publicly traded companies to disclose information on Twitter, Facebook and on blogs, provided that they they "inform investors about their social media strategy first." Exactly what that means isn't clear yet.

The whole issue goes back to 2000, when the SEC adopted Regulation FD, for "fair disclosure," after companies were found to disclose market-moving information only to selected analysts. 

'No one group is getting a free ride' in the current system, a new report finds, once a person's full tax burden is included.

By Aimee Picchi Apr 3, 2013 11:54AM

Image: Taxes (© Peter Gridley/Photographer)One-time presidential hopeful Mitt Romney stirred up a hornet's nest of opinion when he famously dismissed 47% of the country as a bunch of low-income freeloaders milking the tax system. 


But a new report from the left-leaning Citizens for Tax Justice says it has debunked Romney's assertion, noting that he was looking only at federal tax rates and ignoring the total tax burden on low-income families. 


"We've found that no one group is getting a free-ride and that the tax system overall is just barely progressive," the Citizens for Tax Justice said on Tuesday


Romney and others who assert that nearly half the country gets a free ride are referring to 2009 estimates from the Urban-Brookings Tax Policy Center, the group said.

 

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