Facebook gift card
Facebook has unveiled a new card that lets users give gifts to each other.
The card can be used at a handful of businesses, including Target and Jamba Juice.
Facebook is investing in new products to attract users and keep them on the site longer. The social media company recently revamped its search service, which lets members find information on people, places, photos and interests.
Frito-Lay wants a bite of Taco Bell’s popular Doritos Locos Tacos.
The snack food giant plans to roll out its Doritos in a Taco Bell flavor as a limited-time product this spring, aiming to capitalize on the popularity of the Doritos-flavored tacos introduced by the fast-food chain last year.
Ann Mukherjee, chief marketing officer for Frito-Lay North America, said it will mark the first time Doritos are branded with the logo of a national restaurant chain.
Samsung Electronics’ share of the tablet computer market more than doubled in the fourth quarter, gaining on market leader Apple as total unit shipments jumped 75 percent, researcher IDC said.
Worldwide tablet sales surged to 52.5 million units in the period, IDC said. Samsung’s market share jumped to 15 percent from 7.3 percent a year earlier, while its shipments more than tripled.
While Apple’s iPad remains No. 1 in the market, its share dropped to 44 percent from 52 percent.
BMW has agreed to sell its struggling Husqvarna off-road motorcycle unit to focus its two-wheeler efforts on its namesake brand.
Pierer Industrie, the holding company of Austrian investor Stefan Pierer, which also owns a 51 percent stake of motorcycle maker KTM, signed an agreement to buy the brand for an undisclosed sum.
The average rate on the 30-year fixed mortgage rose this week to its highest level in four months but remains low by historical standards.
The rate on the 30-year loan was 3.53 percent, up from 3.42 percent last week.
The average for the 15-year fixed mortgage rose to 2.81 percent from 2.71 percent.
The Consumer Product Safety Administration and Gemme Juvenile have announced the recall of the Natart Chelsea dresser. It was made for nurseries, but it can tip over on toddlers or young children.
The company will send buyers anchoring straps.
Protecting college kids
The Consumer Financial Protection Bureau is seeking input on the impact of financial products marketed to students through colleges and universities, the agency said.
A 2009 law on credit cards restricted credit card marketing practices on college campuses.
The bureau is seeking information in particular on other kinds of products, such as student identification cards that can be used as debit cards, cards that tap scholarships and student loans, and bank accounts affiliated with a particular school.
| Star news services