News roundup: Zagat names top fast-food chains … Apple drops price of least expensive iPhone to $99

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Wendy’s, P.F. Chang’s big winners: Zagat Survey, known for its restaurant ratings, has gone downscale and come up with a list of the best fast-food chains. Wendy’s was named best mega-chain (more than 5,000 locations), while In-N-Out Burger got the top ratings among large chains. P.F. Chang’s won for best full-service chain, while Ben & Jerry’s was rated as the best quick refreshment chain. Zagat officials say the current economic times meant it made sense to review fast-food places. More than 6,100 people participated in the poll.

Price is right: Apple slashed the entry price for an iPhone in half and rolled out new laptops for $300 less than previous models today, the company’s first dramatic price cuts since the recession began a year and a half ago. Apple unveiled two new models of the iPhone—the 3G S—that will sport a faster processor and sought-after features like an internal compass, a video camera and an improved photo camera. A 16-gigabyte version of the 3G S will cost $199 and a 32-gigabyte model will be $299. The 8-gigabyte iPhone 3G, which came out last year, will be cut to $99 from $199. The newest iPhones go on sale June 19, just as two-year contracts for the buyers of the original models are expiring and Apple’s phone faces tougher competition from the likes of Research in Motion Ltd. and Palm Inc.

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