This is what’s in the news for Thursday April 12, 2012. The Wall Street Journal reports Fed Vice Chairwoman Janet Yellen made a case for sticking to the central bank’s low-interest-rate policies, saying the Fed might need to take additional action to bolster the economy if the recovery falters again. Bloomberg reports while Apple’s (NASDAQ:AAPL) influence on the bull market in U.S. equities is among the biggest ever exerted by one stock, the S&P 500 has almost doubled since March 2009 even when Apple is excluded. Bloomberg also reports State Bank of India plans to buy loans mostly given to Indian firms from banks in the U.S. and Europe to increase its overseas credit assets and profitability. Reuters reports Sony Corp. (NYSE:SNE) CEO Kazuo Hirai outlined a revival strategy built around mobile electronics – phones, games, cameras – and a medical business with annual sales of $1.2B.
