- A federal judge has ruled that three former Rite Aid executives charged with conspiring to defraud the company's shareholders can't be forced to forfeit bonuses they received in 1998.
U.S. District Judge Sylvia H. Rambo dismissed the prosecutors’ contention that the executives needed to return the money because they’d inflated the company’s performance to get the bonuses in the first place.
- Starbucks Corp. announced that this April it will begin offering a new line of malt-flavored Frappuccino drinks, designed to goose summer sales.
- Dreyer's Grand Ice Cream announced that its stockholders voted to approve the merger of Nestle’s US frozen dessert business with Dreyer’s. The deal is still subject to regulatory approval by the federal Trade Commission (FTC).
