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Business Highlights for May 22, 2014

Business Highlights for May 22, 2014
By The Associated Press Published: May 21, 2014

Business briefs

Fed not planning to raise rates

— The Federal Reserve has begun to discuss the tools it could use to finally pull back the extraordinary stimulus it has provided the U.S. economy since 2008. But Fed officials plan further discussions and have set no timetable for any increase in interest rates. Minutes of the Fed’s April 29-30 meeting released Wednesday show that officials discussed how to unwind the support they’ve given the economy once they decide to begin raising the Fed’s key short-term rate. That rate has remained at a record low near zero since December 2008. The minutes stressed that the discussion should not be viewed as a signal that an increase in short-term rates is imminent.

Company charged in outbreak

— An Iowa company and two executives were charged Wednesday with selling the eggs responsible for a 2010 salmonella outbreak that sickened thousands of people and led to an unprecedented recall of 550 million eggs. Egg industry titan Austin “Jack” DeCoster and his son, Peter DeCoster, were charged with introducing adulterated food into interstate commerce. Quality Egg LLC, which includes the Decosters’ former network of chicken and egg-laying farms, was charged with introducing misbranded food into interstate commerce for selling products with labels that made the eggs appear to be not as old as they actually were. The company also is charged with bribing a public official for an alleged attempt to influence a U.S. Department of Agriculture inspector.

Social media changes etiquette

— Much has changed about workplace and business etiquette since Emily Post was dispensing advice herself. Post died in 1960, but her family has carried on her love of good manners through the Emily Post Institute in Burlington, Vt. The latest from the Posts is a third edition of “The Etiquette Advantage in Business,” released this month by William Morrow. Great-great-granddaughter Lizzie Post said an update was needed to take into account the explosion in social media and digital communications, along with a more casual work environment in many fields.

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