Bowing to pressure from investors, PetSmart said Tuesday it is considering putting itself up for sale.

The pet supply chain said it will weigh “strategic alternatives” after a board review that included conversations with shareholders.

Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to sell itself, a move they say would benefit shareholders. Longview has about a 9 percent stake in PetSmart, while Jana holds nearly 10 percent, according to FactSet.

The company also said it plans to cut costs. It said it will provide more details next quarter and expects to realize the savings by the end of its next fiscal year.

Its shares rose 3.4 percent to $72.10 in after-hours trading. The stock has dropped 4 percent this year.

WASHINGTON — Brita is recalling about 242,500 children's water filter bottles due to a possible laceration hazard.The company said Tuesday the lid of the hard-sided bottles can break into pieces with sharp points.Brita has received 35 reports of lids breaking or cracking. No injuries have been reported.The recalled bottles include a violet bottle with Dora the Explorer, a pink bottle with Hello Kitty, a blue bottle with SpongeBob Square Pants and a green bottle with Teenage Mutant Ninja Turtles. Each bottle has a Brita logo and white lid.The bottles are 6 inches tall and hold 15 ounces of liquid. They have fold-up straws and filters that sit inside the straw below the lid.Consumers are advised to immediately stop using the bottles and to contact Brita for a postage-paid shipping package to return the bottles for a full refund.Individuals may visit <a href="http://www.brita.com" target="new">www.brita.com</a> and click “Safety Recall” for more information.

NEW YORK — McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.The world's biggest hamburger chain has made a deal with Kraft Foods to manufacture and distribute the bags of McCafe ground and whole bean coffee, as well as single-cup pods that can be used in at-home coffee machines. Other chains, such as Starbucks and Dunkin' Donuts, already sell branded packaged coffee at retailers.McDonald's, based in Oak Brook, Ill., has highlighted coffee as a key growth opportunity, with CEO Don Thompson saying it can be a way to get customers into its more than 14,000 U.S. restaurants. The chain has redesigned its coffee cups to have a more appealing look that people would want to carry around.At an investor conference late last year, a McDonald's executive noted the chain's coffee sales have surged 70 percent since the introduction of McCafe specialty coffees in 2009.McDonald's and Kraft Foods had said last year they were testing the packaged coffee in select markets.