In the Region

Campbell's starts buyouts

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Camden-based Campbell Soup Co., began offering buyouts to veteran salaried employees Monday as part of its previously announced plan to cut $200 million in expenses over the next three years. Campbell filed a notice with the Securities and Exchange Commission, in which it referred to the February announcement of cutbacks. "The program is available to certain U.S.-based salaried employees nearing retirement who meet the program's age, length-of-service and business unit/function criteria," Campbell said in the SEC filing. "Employees who elect the program will receive enhanced separation benefits. The program is expected to be substantially completed by the end of fiscal 2015. Executive officers and other members of senior management are not eligible for the program." - Inquirer staff

NBC10's GM off to N.Y. affiliate

NBC10's Eric Lerner will be taking over as general manager and president job of WNBC in New York, NBC's flagship television station on the East Coast. Both TV stations are owned by NBCUniversal, a Comcast Corp. subsidiary. Lerner replaces Michael Jack, who announced his retirement in 2014. The change is effective on April 13. - Bob Fernandez

FCC chief on Internet providers

The nation's biggest broadband providers oppose tough net neutrality regulations because they want "unfettered power" over the Internet, the head of the Federal Communications Commission said Friday. FCC Chairman Tom Wheeler said the "avalanche of arguments" against regulations designed to ensure the free flow of online traffic showed that the industry's major firms had ulterior motives. Philadelphia-based Comcast is among the broadband providers opposed to Wheeler's policy. "We should conclude that the biggest broadband providers in the land have one objective - to operate free from control by their customers and free from oversight from government," Wheeler said in a speech at Ohio State University. "If they succeed, then, for the first time in America's communications history, private gatekeepers will have unfettered power to control commerce and free expression," he said. - Los Angeles Times


Ben Bernanke is blogging

Former Federal Reserve Chairman Ben Bernanke is getting a new title - blogger. The man who spent eight years as the head of the nation's central bank carefully watching his every comment is writing "Ben Bernanke's Blog," where he'll be free to air his opinions on matters of economics and finance. Bernanke is now a senior fellow at the Brookings Institution, which made the announcement Monday, coinciding with the publishing of the former fed chief's first blog. Brookings said that Bernanke will use the blog to share his observations and opinions about current economic events, while welcoming questions and comments from readers. - Associated Press

Horizon Pharma buys Hyperion

Horizon Pharma is buying Hyperion Therapeutics for about $1.1 billion, gaining two treatments for genetic disorders. Dublin-based Horizon Pharma will pay $46 per share for Brisbane, Calif.,-based Hyperion, marking a 5.6 percent premium to that stock's closing price on Friday. - AP

McDonald's: Breakfast all day?

McDonald's Corp. will experiment with serving breakfast all day at some San Diego-area locations as chief executive officer Steve Easterbrook seeks to pull the restaurant chain out of a U.S. sales slump. The test, slated to begin next month, will keep hash browns, Egg McMuffins, and other sandwiches on the menu beyond the standard breakfast hours. Breakfast foods are some of the most popular items on McDonald's menu, so the all-day test makes sense, Mark Kalinowski, an analyst at Janney Montgomery Scott L.L.C., said in a research note. - Bloomberg News

JetBlue computer woes

A computer outage that caused delays for thousands of JetBlue Airways passengers early Monday morning has been resolved, the company said. JetBlue Airways said it had fixed a systemwide computer problem by 6:15 a.m. Eastern that has caused delays because the airline had to manually check in passengers. NBC News reported that the airline had to issue handwritten boarding passes to passengers at many airports. The company did not specify how long it would take to work through delays and get operations back to normal. - AP

U.S. savings rate at 2-year high

A booming job market and cheaper fill-ups at the gas pump should be giving millions of Americans more reasons to spend. Instead, they are salting away the extra savings. The savings rate jumped in February to 5.8 percent, the highest since December 2012 and up from 4.4 percent just three months earlier, government data showed Monday. - Bloomberg News