Fed help talk spurs stocks rally on Wall Street
Stocks rally after a Fed official supports more stimulus measures to boost job growth. The Dow jumps 162 points as all major sectors rise and energy shares climb with oil near an eight month high. European debt worries persist with Spain's borrowing costs hitting new highs.
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Verizon to overhaul pricing with shared data plans
Verizon Wireless plans phase out most existing phone plans and replace them with shared data schemes allowing up to 10 devices per household. The shift aims to boost data usage as more customers connect tablets and PCs to the network, signaling a major industry pricing change.
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Burger King bets on bacon for its summertime menu
Burger King launches a summer lineup with pork beef and chicken sandwiches plus a bacon sundae. The bacon dessert clocks 510 calories and 61 grams of sugar. The campaign under 3G Capital aims to revive sales and broaden its audience beyond young men.
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Ford Escape aims to outpace rivals in small SUV surge
Ford unveils the redesigned 2013 Escape, built on a Focus-inspired platform, aiming to top the popular Honda CR-V and redefine compact utility sales. Analysts note small SUVs, now 14 percent of 2011 U S demand, may rise toward 18 percent by 2015 as baby boomers downsize and families seek cargo space.
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