This is what’s in the news for Tuesday March 27, 2012. The Wall Street Journal reports Fed Chairman Ben Bernanke said the central bank’s easy money policies are still needed to confront deep problems in the labor market, as he reinforced his plan to keep interest rates low for years. The Wall Street Journal also reports Rio Tinto (NYSE:RIO) is looking at options for exiting its diamond operations, similar to a move by BHP Billiton (NYSE:BHP). Reuters reports Apple (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co. is taking an 11% stake in Sharp Corp. (PINK:SHCAY). Reuters also reports talks to sell a stake in Britain’s state-owned Royal Bank of Scotland (NYSE:RBS) are being held at the level of the Abu Dhabi ruling family, sources say. Finally, Bloomberg reports with the likelihood that Express Scripts (NASDAQ:ESRX) will acquire Medco Health Solutions (NYSE:MHS), SXC Health Solutions (NASDAQ:SXCI) is becoming the industry’s priciest takeover candidate.
