Hofstra teams compete
Two groups of Hofstra University students put their start-up ideas to the test Friday by competing in the first Cross-Campus Challenge, and one team took home second prize for its idea of a mobile application to help forgetful boyfriends and husbands. The competition, run by Capital One Bank in Manhattan, pitted teams of student entrepreneurs from Hofstra, LaGuardia Community College and New Jersey Institute of Technology against each other to compete for up to $3,000 in seed funding. Boyfriend's Best Friend, an app that helps remind boyfriends of important occasions with their significant others and suggests gift ideas, came in second and won $2,000. SmartLine, a wait-list management system for restaurants that do not take reservations, was the other Hofstra business that competed. -- Lisa Du
Pontiac recall may expand
U.S. safety regulators are looking at expanding a small recall of Pontiac G6 midsize cars so it includes up to 550,000 vehicles. About 8,000 of the cars were recalled by General Motors in 2009 because the brake lights and cruise control didn't work properly. But the recall affected only cars made in January 2005. On Friday, the U.S. National Highway Traffic Safety Administration said it's studying whether all G6s from the 2005 through 2009 model years should be recalled. The agency says it has received 212 complaints that brake lights won't come on when the pedal is pressed, or the lights come on for no reason. Some complaints also say the cruise control disengages for no reason.
McDonald's sales drop
McDonald's says a key sales figure dropped again in January as the world's biggest hamburger chain faced ongoing weakness in Japan and sales in China were hurt by a food scare and the timing of a holiday. The Oak Brook, Ill.-based company said global sales at restaurants open at least 13 months dropped 1.9 percent for the month. The figure is a key metric because it strips out the volatility of newly opened and closed locations. After years of outperforming rivals, McDonald's has been struggling amid intensifying competition. -- AP