Fed may take more action to spur economy
Federal Reserve Chair Ben Bernanke left open the possibility of additional steps to boost growth and reduce unemployment while keeping inflation in check. After a two day policy meeting the Fed kept rates near zero through late 2014 and said the economy will grow moderately with risks from Europe’s debt crisis. They noted inflation rose mainly due to gasoline and that the pickup should be temporary. Bernanke said further bond purchases or other tools remain on the table if the economy weakens.
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Burger King Pledges Cage Free Eggs and Pork by 2017
Burger King will source all eggs and pork from cage free hens and pigs by 2017, aiming to boost animal welfare and appeal to rising consumer demand. Humane Society's Wayne Pacelle calls the move significant for a major purchaser, with current cage free levels at 9 percent of eggs and 20 percent of pork.
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Murdoch denies political sway over judge in inquiry
Rupert Murdoch told a British ethics inquiry that News Corp does not wield the power to swing elections or influence leaders. The 81 year old media chief refuted claims of calling in favors or backing political agendas. He said myths about his influence persist but are untrue.
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Exxon Boosts Dividend Payout to Top Level in Market
Exxon Mobil raises quarterly dividend 21 percent to 57 cents, pushing its annual payout to 2.28 dollars per share and making it the top corporate dividend payer ahead of AT&T and Apple. Chevron also hikes to 90 cents, with record S P 500 dividend levels cited.
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